Table 1.
Classical Statistics | Machine Learning | |
---|---|---|
Approach | Top-down (applied to data) | Bottom-up (extracted by data) |
Model | Hypothesized by the researcher | Auto-defined |
Power of analysis | Medium | Usually High |
Accuracy | Medium | It could be superior or inferior to that of classical statistics |
Reliability | The same data always provide the same results | The results are affected by the initialization of parameters |
Type of relationships among variables | Often Linear, in general not complex | Complex relationships |
Interpretability | Simple | More complex |