How To Fine Tune Your Machine Learning Models To Improve Forecasting Accuracy?

Improve Accuracy By Tuning Your Models

Farhad Malik
FinTechExplained

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Fine tuning machine learning predictive model is a crucial step to improve accuracy of the forecasted results. In the recent past, I have written a number of articles that explain how machine learning works and how to enrich and decompose the feature set to improve accuracy of your machine learning models.

This article discovers details of:

  1. Retrieving estimates of a model’s performance using scoring metrics
  2. Finding and diagnosing the common problems of machine learning algorithms
  3. Fine-tuning parameters of machine learning models

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Step 1: Understand what tuning machine learning model is

Sometimes, we have to explore how model parameters can enhance forecasting accuracy of our machine learning model.

Fine tuning machine learning model is a black art. It can turn out to be an exhaustive task. I will be covering a number of methodologies in this article that we can follow to get accurate results in a shorter time.

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Farhad Malik
FinTechExplained

My personal blog, aiming to explain complex mathematical, financial and technological concepts in simple terms. Contact: FarhadMalik84@googlemail.com