Animations are used to walk you through how the Localized Regression technique works so you better understand when or when not to use it.
Code used to produce animations: https://github.com/TheActuarialDataScientist/LOESS/blob/main/Plot%20Examples.R
The Actuarial Data Scientist Merch:
https://merch.streamelements.com/theactuarialdatascientist
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▬▬▬▬▬▬▬▬▬▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
0:00 Polynomial Comparison
2:35 LOESS Algorithm
5:41 Bias-Variance Tradeoff
10:02 Pros & Cons
12:45 Interaction Example
15:33 kNN
▬▬▬▬▬▬▬▬▬▬ Music ▬▬▬▬▬▬▬▬▬▬
- Artist Attribution
Music By: "KaizanBlu"
Track Name: "Remember"
Link: https://www.youtube.com/watch?v=YLyKJ1Gyu9E&list=PL06diOotXAJIGYr4PVLSCC4WIz-1VR1UT&index=3&ab_channel=ChillOutRecords-NoCopyrightMusic