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How to Gauge Accuracy of Processing Big Data: Teaching Machine Learning Techniques to Gauge Their Own Accuracy

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Predictive Econometrics and Big Data (TES 2018)

Part of the book series: Studies in Computational Intelligence ((SCI,volume 753))

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Abstract

When the amount of data is reasonably small, we can usually fit this data to a simple model and use the traditional statistical methods both to estimate the parameters of this model and to gauge this model’s accuracy. For big data, it is often no longer possible to fit them by a simple model. Thus, we need to use generic machine learning techniques to find the corresponding model. The current machine learning techniques estimate the values of the corresponding parameters, but they usually do not gauge the accuracy of the corresponding general non-linear model. In this paper, we show how to modify the existing machine learning methodology so that it will not only estimate the parameters, but also estimate the accuracy of the resulting model.

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Acknowledgments

This work was supported by Chiang Mai University, Thailand. This work was also supported in part by the National Science Foundation grants HRD-0734825 and HRD-1242122 (Cyber-ShARE Center of Excellence) and DUE-0926721, and by an award “UTEP and Prudential Actuarial Science Academy and Pipeline Initiative” from Prudential Foundation.

One of the authors (VK) is thankful to Paul Werbos for inspiring talks and discussions.

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Correspondence to Vladik Kreinovich .

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Kreinovich, V., Dumrongpokaphan, T., Nguyen, H.T., Kosheleva, O. (2018). How to Gauge Accuracy of Processing Big Data: Teaching Machine Learning Techniques to Gauge Their Own Accuracy. In: Kreinovich, V., Sriboonchitta, S., Chakpitak, N. (eds) Predictive Econometrics and Big Data. TES 2018. Studies in Computational Intelligence, vol 753. Springer, Cham. https://doi.org/10.1007/978-3-319-70942-0_12

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  • DOI: https://doi.org/10.1007/978-3-319-70942-0_12

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-70941-3

  • Online ISBN: 978-3-319-70942-0

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