Infographic: Ten Commandments of Statistical Modelling

Ten Commandments of Statistical Modelling Thou shalt know thy data Thy model shalt be stable Thou shalt choose thy model wisely depending on thy data and thy problem Thou shalt not ignore outliers Thou shalt not shy away from creating derived variables Thou shalt use test and validation sets with training sets whilst building thy model as they art important to avoid over-fitting Thou shalt beware of missing values and impute them wisely Thy model shalt be parsimonious 000 Thou shalt define the data science problem to reflect the business problem, and not twist the business problem to fit thy data science tools Thou shalt revalidate and update thy model periodically Visit us at: www.aureusanalytics.com www.facebook.com/aureusanalytics www.linkedin.com/company/aureus-analytics AUREUS ANALYTICS