"Mastering Model Testing and ML OPS for Accurate Forecasting"


Model Testing for Forecasting Model

When it comes to forecasting models, it is important to test the model to ensure its accuracy and reliability. One way to do this is through model testing. Model testing involves evaluating the performance of the model by comparing its predictions to actual outcomes. This helps to identify any errors or biases in the model and make necessary adjustments.

Exploratory Data Analysis (EDA)

EDA is an important step in forecasting model testing. It involves analyzing and visualizing the data to gain insights into its characteristics and identify any patterns or trends. This helps to determine the appropriate forecasting model to use and identify any potential issues with the data.

Metrics

Metrics are used to evaluate the performance of the forecasting model. Common metrics include mean absolute error (MAE), mean squared error (MSE), and root mean squared error (RMSE). These metrics help to determine how well the model is predicting future outcomes.

Testing

Testing is an important part of model testing. It involves splitting the data into training and testing sets. The training set is used to train the model, while the testing set is used to evaluate its performance. This helps to ensure that the model is not overfitting to the data and can accurately predict future outcomes.

ML OPS for Forecasting Problem

ML OPS (Machine Learning Operations) is the process of managing and deploying machine learning models in production. When it comes to forecasting problems, ML OPS requires special skills to ensure that the model is accurate and reliable.

Special Skills

Some of the special skills required for ML OPS in forecasting problems include:

  • Expertise in data science and machine learning
  • Experience with data preprocessing and feature engineering
  • Knowledge of different forecasting models and their strengths and weaknesses
  • Experience with model testing and evaluation
  • Expertise in programming languages such as Python and R
  • Experience with cloud computing platforms such as AWS and Azure
  • Knowledge of DevOps and software development practices

Dataknobs Blog

10 Use Cases Built

10 Use Cases Built By Dataknobs

Dataknobs has developed a wide range of products and solutions powered by Generative AI (GenAI), Agent AI, and traditional AI to address diverse industry needs. These solutions span finance, healthcare, real estate, e-commerce, and more. Click on to see in-depth look at these use cases - Stocks Earning Call Analysis, Ecommerce Analysis with GenAI, Financial Planner AI Assistant, Kreatebots, Kreate Websites, Kreate CMS, Travel Agent Website, Real Estate Agent etc.

AI Agent for Business Analysis

Analyze reports, dashboard and determine To-do

DataKnobs has built an AI Agent for structured data analysis that extracts meaningful insights from diverse datasets such as e-commerce metrics, sales/revenue reports, and sports scorecards. The agent ingests structured data from sources like CSV files, SQL databases, and APIs, automatically detecting schemas and relationships while standardizing formats. Using statistical analysis, anomaly detection, and AI-driven forecasting, it identifies trends, correlations, and outliers, providing insights such as sales fluctuations, revenue leaks, and performance metrics.

AI Agent Tutorial

Agent AI Tutorial

Here are slides and AI Agent Tutorial. Agentic AI refers to AI systems that can autonomously perceive, reason, and take actions to achieve specific goals without constant human intervention. These AI agents use techniques like reinforcement learning, planning, and memory to adapt and make decisions in dynamic environments. They are commonly used in automation, robotics, virtual assistants, and decision-making systems.

Build Dataproducts

How Dataknobs help in building data products

Building data products using Generative AI (GenAI) and Agentic AI enhances automation, intelligence, and adaptability in data-driven applications. GenAI can generate structured and unstructured data, automate content creation, enrich datasets, and synthesize insights from large volumes of information. This helps in scenarios such as automated report generation, anomaly detection, and predictive modeling.

KreateHub

Create New knowledge with Prompt library

At its core, KreateHub is designed to enable creation of new data and the generation of insights from existing datasets. It acts as a bridge between raw data and meaningful outcomes, providing the tools necessary for organizations to experiment, analyze, and optimize their data processes.

Build Budget Plan for GenAI

CIO Guide to create GenAI Budget for 2025

CIOs and CTOs can apply GenAI in IT Systems. The guide here describe scenarios and solutions for IT system, tech stack, GenAI cost and how to allocate budget. Once CIO and CTO can apply this to IT system, it can be extended for business use cases across company.

RAG For Unstructred and Structred Data

RAG Use Cases and Implementation

Here are several value propositions for Retrieval-Augmented Generation (RAG) across different contexts: Unstructred Data, Structred Data, Guardrails.

Why knobs matter

Knobs are levers using which you manage output

See Drivetrain appproach for building data product, AI product. It has 4 steps and levers are key to success. Knobs are abstract mechanism on input that you can control.

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