EconPapers    
Economics at your fingertips  
 

Machine Learning

Marcel van Oijen

Chapter Chapter 21 in Bayesian Compendium, 2024, pp 171-191 from Springer

Abstract: Abstract Machine learning is the name for a very wide collection of techniques for exploring data and estimating functions, and we can only scratch the surface here. The field has expanded and diverged to the extent that it is hard to find common denominators. But we can say that most machine learning techniques do not focus on explanation or on uncertainty quantification, but on prediction. Machine learning is typically applied in cases where we have many data but not much understanding of causal pathways to guide our modelling.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-66085-6_21

Ordering information: This item can be ordered from
http://www.springer.com/9783031660856

DOI: 10.1007/978-3-031-66085-6_21

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2026-06-19
Handle: RePEc:spr:sprchp:978-3-031-66085-6_21