- After identifying predictors and selecting a modeling technique, the next step is to proceed with model training.
- During this phase, the model is presented with data from which it can learn and derive pattern.
- Common modeling techniques have industry-ready implementations in various programming languages.
- Python, for example, offers libraries with easy-to-use functions for model training.
- Model Validation involves assessing the model’s performance after training by testing its ability to make accurate predictions on new, unseen data.