[MINI] The Elbow Method

Data Skeptic

Episode | Podcast

Date: Fri, 18 Mar 2016 15:00:00 +0000

<p>Certain data mining algorithms (including k-means clustering and k-nearest neighbors) require a user defined parameter k. A user of these algorithms is required to select this value, which raises the questions: what is the "best" value of k that one should select to solve their problem?</p> <p>This mini-episode explores the appropriate value of k to use when trying to estimate the cost of a house in Los Angeles based on the closests sales in it's area.</p>