Analytical Statistics Techniques of Classification and Regression in Machine Learning

This chapter aims to introduce the common methods and practices of statistical machine learning techniques. It contains the development of algorithms, applications of algorithms and also the ways by which they learn from the observed data by building models. In turn, these models can be used to predict. Although one assumes that machine learning and statistics are not quite related to each other, it is evident that machine learning and statistics go hand in hand. We observe how the methods used in statistics such as linear regression and classification are made use of in machine learning. We also take a look at the implementation techniques of classification and regression techniques. Although machine learning provides standard libraries to implement tons of algorithms, we take a look on how to tune the algorithms and what parameters of the algorithm or the features of the algorithm affect the performance of the algorithm based on the statistical methods