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Probability ratio encoding

Probability ratio encoding

The purpose of this lesson is to explore another encoding technique called Probability Ratio Encoding, which is suitable for classification problems. We will also explore its pros and cons and learn how to implement it in a few lines of code.

Definition

Probability Ratio Encoding is similar to Weight of Evidence (WOE), with the only difference being that we only use the ratio of the probabilities. For each label, we calculate ...

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