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Monday, June 05, 2017

Machine Learning is Wrong

An important point.  Like I said in teaching forecasting classes, the forecast is always wrong, and that error should be considered in risk analysis.  It does not mean it is not useful.  Just always incorrect in any significant application.  ML is also not magic. Good discussion below.

The machine learning paradox
Nothing says machine learning can't outperform humans, but it's important to realize perfect machine learning doesn't, and won't, exist.     By Mike Loukides June 1, 2017 .... 

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