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Accuracy Metric
Total Correct Predictions; Ratio of true results across all classifications
Precision Metric
Quality of Positive Predictions; True Positives / (True Positives + False Positives); Crucial when false positives are costly
Recall Metric
Quantity of Actual Positives Caught; True Positives / (True Positives + False Negatives); Crucial when missing positive cases is dangerous
F1 Score
Harmonic mean of Precision and Recall; Provides a balanced single metric for evaluating imbalanced datasets
Area Under the ROC Curve (AUC)
Imbalanced Class Separation; Distinguishing power across all classification thresholds
K-Nearest Neighbors (k-NN)
Supervised Classification Algorithm; Label assignments based on closest surrounding data points
K-Means Clustering
Unsupervised Clustering Algorithm; Groups unlabeled data structures into K clusters
Least-to-Most Prompting
Deconstruct Complex Tasks; Sequential problem breaking and sub-task ordering
Inference
Running new data through a trained model to generate predictions; Uses existing weights without retraining
Training
The process of adjusting model weights using a training dataset to learn patterns and minimize error
Supervised Learning
Training a model on labeled data (inputs paired with correct output targets; e.g. regression / classification)
Unsupervised Learning
Training a model on unlabeled data to discover hidden patterns; groupings; or structures
Overfitting
Model memorizes training noise; High accuracy on training data; poor performance on new unseen test data
Underfitting
Model is too simple to capture underlying data patterns; Performs poorly on both training and test data
Hyperparameters
External configuration settings set BEFORE training begins to govern the learning process (e.g. learning rate; batch size)
Low Bias and Low Variance
Ideal model performance; fits training data well and generalizes accurately to unseen test data; exam trigger: "well-balanced model" / "high accuracy on both train and test sets"
Low Bias / High Variance (High Variability)
Overfitting; model memorizes training data noise but fails on unseen test data; exam trigger: "performs well on training data / poorly on test data"
High (Increased) Bias / Low (Less) Variance
Underfitting; model is too simple to learn underlying patterns in either dataset; exam trigger: "performs poorly on both training and test data"
High Bias / High Variance (Increased Variability)
Worst-case model failure; model is both too simple to capture patterns and highly unstable across different datasets; exam trigger: "consistently poor and erratic performance across all data splits"
Association Rule Learning
Unsupervised Rule Mining; identifies strong relationships and co-occurrence patterns between items in large datasets (e.g. market basket analysis)
Logistic Regression
Supervised Classification Algorithm; predicts discrete categorical outcomes and probabilities using a sigmoid function
Continuous Regression
Supervised Numerical Prediction; predicts continuous numeric value outputs based on input feature relationships
Probability Density Estimation
Unsupervised Distribution Analysis; estimates the continuous probability distribution function of an underlying random variable dataset
Clustering
Unsupervised Grouping Technique; partitions unlabeled data points into clusters based on feature similarity and distance metrics
RAG (Retrieval-Augmented Generation)
Knowledge Retrieval Framework; connects foundation models to external verified data sources without full model retraining
BERTScore
Semantic Evaluation Metric; uses contextual embeddings to measure semantic similarity between model output and reference text
BLEU Score
Precision-Based NLP Metric; evaluates machine translation quality by counting exact n-gram matches against reference text
ROUGE Score
Recall-Based NLP Metric; evaluates text summarization quality by measuring overlapping n-grams and word sequences against reference summaries
Traditional ML Models
Structured Data & Manual Features; works with numerical / categorical rows and columns; requires manual feature engineering; uses standard algorithms (e.g. regression / decision trees)
Generative AI Models
Unstructured Data & Automatic Features; works with text / images / audio; automatically learns representations via neural networks; uses advanced architectures (e.g. GANs / Transformers) to generate new content
GenAI Capability: Adaptability
Task & Domain Flexibility; adapts seamlessly across various tasks and functional domains
GenAI Capability: Responsiveness
Real-Time Output; generates content and responses in real-time
GenAI Capability: Simplicity
Task Deconstruction; simplifies complex tasks and user workflows
GenAI Capability: Creativity and Exploration
Novel Content Generation; generates novel ideas; designs; or technical solutions
GenAI Capability: Data Efficiency
Small Sample Learning; learns patterns effectively from relatively small amounts of data
GenAI Capability: Personalization
Tailored User Experience; creates personalized content tailored to individual preferences or characteristics
GenAI Capability: Scalability
High-Volume Output; generates large amounts of content quickly at scale
ML Lifecycle: Business Goal Identification
Phase 1; defining business objectives; success criteria; and identifying key performance indicators (KPIs)
ML Lifecycle: ML Problem Framing
Phase 2; translating business objectives into specific machine learning tasks (e.g. classification; regression; clustering)
ML Lifecycle: Data Collection
Phase 3; gathering relevant historical datasets; data streams; or third-party data needed to train the model
ML Lifecycle: Data Integration and Preparation
Phase 4; combining; cleaning; deduplicating; handling missing values; and structuring raw data for model ingestion
ML Lifecycle: Feature Engineering
Phase 5; selecting; transforming; and constructing relevant input attributes from raw data to improve model predictive power
ML Lifecycle: Model Training
Phase 6; feeding processed data into machine learning algorithms to adjust weights / parameters and learn patterns
ML Lifecycle: Model Validation
Phase 7; evaluating model performance on unseen test data using statistical metrics (e.g. accuracy; precision; recall; RMSE)
ML Lifecycle: Business Evaluation
Phase 8; testing trained model outputs against business success criteria and ROI before deploying to production
ML Lifecycle: Production Deployment
Phase 9; deploying validated models to hosting endpoints (e.g. real-time inference / batch transform) for live predictions