What is the "data structure brainstorm" approach to solving a technical question?
What is the "data structure brainstorm" approach to solving a technical question?
Answer: Run through a list of data structures and try to apply each one.
After analyzing the model, your manager has informed that your regression model is suffering from multicollinearity. How would you check if he's true? Without losing any information, can you still build a better model?
After analyzing the model, your manager has informed that your regression model is suffering from multicollinearity. How would you check if he's true? Without losing any information, can you still build a better model? Answer: To check multicollinearity, we can create a correlation matrix to identify & remove variables having correlation above 75% (deciding a threshold is subjective). In addition, we can use calculate VIF (variance inflation factor) to check the presence of multicollinearity. VIF value <= 4 suggests no multicollinearity whereas a value of >= 10 implies serious multicollinearity. Also, we can use tolerance as an indicator of multicollinearity. But, removing correlated variables might lead to loss of information. In order to retain those variables, we can use penalized regression models like ridge or lasso regression. Also, we can add some random noise in correlated variable so that the variables become different from each other. But, adding noise m...