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What is the process of building a model?

Process of building a model.

  • Data collection
  • Data preprocessing
  • Applying statistical analysis in case it is required
  • Performing data analysis and visualization for a better understanding of data.
  • Deciding which algorithm is suitable based on problem statement and type of data.
  • Implementing the model
  • Predicting new data with model
  • Evaluating model
  • Improving model