Category Data Science

Price elasticity of demand

Price elasticity of demand

Modeling and explaining the consumer behavior of a product is very important to know what factors affect their behavior, price being one of these important factors. Let’s take as an example a company X that sells clothing. It is a…

Kernel Trick in Machine Learning

Kernel Trick in Machine Learning

The kernel trick is a typical method in machine learning to transform data from an original space to an arbitrary Hilbert space, usually of higher dimensions, where they are more easily separable (ideally, linearly separable). This technique is the basis…