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. 2020 Sep 13;34(1):5–16. doi: 10.1111/sdi.12915

TABLE 1.

Differences between traditional statistical methods vs advanced analytical techniques

Factors Traditional statistical techniques Advanced analytical techniques
Training data Works with Smaller Datasets Better with Large Datasets
Usability Exploratory and baseline analysis Iterative, complex, and ready to be deployed in clinical application
Interpretability Easily interpretable Complex techniques can be difficult to interpret
Hardware and training time Requires simple hardware configuration and less training time Complex models require powerful computing hardware and more training time
Types of input data Works well only with categorical and numerical data Works with all types of data including audio, image, free text
Examples Logistic and Linear Regression, Generalized Additive Models, single decision tree Neural Network, complex decision trees with several layers