7.4 Terminological differences (1)

• Terminology is a source of confusion (Athey and Imbens 2019, 689)

• Q: Do you know any machine learning terminology?

• Statistical learning vs. machine learning (ML) (James et al. 2013, 1)

  • Terms reflect disciplinary origin (statistics vs. computer science)
  • We will use the two as synonyms

References

Athey, Susan, and Guido W Imbens. 2019. “Machine Learning Methods That Economists Should Know About.” Annu. Rev. Econom. 11 (1): 685–725.

James, Gareth, Daniela Witten, Trevor Hastie, and Robert Tibshirani. 2013. An Introduction to Statistical Learning: With Applications in R. Springer Texts in Statistics. Springer.