The session focused on machine learning concepts and their applications within Alteryx, with an emphasis on supervised learning. Dhaval Doshi initiated the discussion by addressing the varying familiarity levels among participants regarding data science. He explained the fundamentals of machine learning, differentiating between supervised and unsupervised learning, and provided practical examples, such as loan approval criteria, to illustrate these concepts. The conversation highlighted the importance of understanding both classification and regression, with the speaker detailing how these methods apply to real-world scenarios.
A significant portion of the discussion revolved around classification modeling, particularly in the context of loan data sets. Dhaval outlined key parameters influencing loan eligibility, such as income and credit score, and introduced three common classification models: logistic regression, random forest, and decision tree. He emphasized the necessity of data preparation, including the conversion of categorical variables into numeric values through techniques like one hot encoding, to enhance model performance. The session also covered the setup of these models in Alteryx, detailing the training and validation processes and sharing accuracy results, with the random forest model achieving the highest accuracy. He also gave an example on Regression using Walmart Sales showing a comparison between Linear Regression and Gamma Regression showing comparison of RMSE and MAE unlike a classification accuracy with earlier model.
The meeting concluded with a focus on the predictive toolkit in Alteryx, which supports supervised learning and incorporates R capabilities. Dhaval addressed questions regarding the integration of additional tools via Python and confirmed the availability of the predictive toolkit with a standard Alteryx license. Participants were encouraged to join an external communication group for resource sharing and informed about future user group sessions aimed at collaborative learning. The upcoming launch of the Delhi User Group in celebration of Alteryx's 10th anniversary was also announced, indicating ongoing engagement and support for users in the community.