Random logistic machine (RLM): Transforming statistical models into machine learning approach
Yu-Shan Li and
Chao-Yu Guo
Communications in Statistics - Theory and Methods, 2024, vol. 53, issue 21, 7517-7525
Abstract:
Data science is booming with big data, and machine learning provides better predictive analyses. However, conventional statistical models can effortlessly interpret the effect estimates, and the prediction models are generally in a closed form. Therefore, this research integrates the logistic regression model’s core with the Random Forest structure to create a blended novel machine learning method, the Random Logistic Machine (RLM). In this way, the new approach preserves the statistical and machine learning advantages. Computer simulation studies examined the predictive ability of RLM, random forest, and Logistic Regression under various scenarios. The results showed that the RLM delivers a comparable performance to Random Forests and Logistic Regression. An application to the Breast Cancer Wisconsin (Diagnostic) Data Set also demonstrates the superior performance of the new approach.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:taf:lstaxx:v:53:y:2024:i:21:p:7517-7525
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DOI: 10.1080/03610926.2023.2268767
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