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Videolectures notes week 1-3

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Videolectures 1-3 of the course Data Mining for Business and Governance

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Video lecture 1

What is Data Science?
= Data science is a "concept to unify statistics, data analysis and their related methods" in order to
"understand and analyze actual phenomena" with data.




What makes a Data Scientist?
Data scientists use their data and analytical ability to find and interpret rich data sources; manage large
amounts of data; create visualizations to aid in understanding data; build mathematical models using the
data; and present and communicate the data insights/findings.




Machine learning = we want the machines
to be better than humans

Data Mining = dealing with data /
pre-processing / requires you to visualise
data




One commonality between all these fields = ​data-driven science




1

,What is data?
Example




Given these three conditions, what will the child do?

- We don't have enough data, so at one point we have to make a
prediction
- We have to convert the data into numerical representations, so
that the computer can process the data




Converting into numerical representations:
● Sunny = 1
● Cloudy = 0
● Rainy = 2

Binary representations:
● Yes = 1
● No = 0

Features = attributes

We can also convert the data into specific measurements...




Or visualize the data...




2

, Interpreting data

Algorithms look for rules, to be able to predict some kind of behavior / actions




Formally notations



Our prediction = y-​hat
Our target = y

- The difference is that ​y ​is given​, and ​y-hat is
a ​prediction of a model and therefore not
necessarily correct




The notations applied to the example above:




3

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