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Concepts of machine learning
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CRISP DM
is a data mining framework that provides a structured approach to planning, executing, and monitoring data mining projects.
Business Understanding
Determining business objectives, Assessing situation, determining data mining goals, produce project plan
Formulating the Problem
Determining the algorithm to be used
Determining the type of problem
Choosing which data mining tasks to perform, such as classification, regression, clustering, or anomaly detection.
Data Preparation
Collecting, Describing, Exploring and Verifying data
Modeling
Process is iterative and fluid
Iterations of feature engineering, training, evaluating and tuning
Evaluation
Evaluate results, review process, determine next steps
Deployment
Planning deployment, monitoring & maintenance, produce final report, review