Machine learning continues to be an increasingly integral component of our lives, whether we’re applying the techniques to research or business problems. Machine learning models ought to be able to give accurate predictions in order to create real value for a given organization.
While training a model is a key step, how the model generalizes on unseen data is an equally important aspect that should be considered in every machine learning pipeline. We need to know whether it actually works and, consequently, if we can trust its predictions. Could the model be merely memorizing the data it is fed with, and therefore unable to make good predictions on future samples, or samples that it hasn’t seen before?
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