Machine Learning Models and Algorithms for Big Data Classification

Thinking with Examples for Effective Learning

Author: Shan Suthaharan

Publisher: Springer

ISBN: 1489976418

Category: Business & Economics

Page: 359

View: 9857

This book presents machine learning models and algorithms to address big data classification problems. Existing machine learning techniques like the decision tree (a hierarchical approach), random forest (an ensemble hierarchical approach), and deep learning (a layered approach) are highly suitable for the system that can handle such problems. This book helps readers, especially students and newcomers to the field of big data and machine learning, to gain a quick understanding of the techniques and technologies; therefore, the theory, examples, and programs (Matlab and R) presented in this book have been simplified, hardcoded, repeated, or spaced for improvements. They provide vehicles to test and understand the complicated concepts of various topics in the field. It is expected that the readers adopt these programs to experiment with the examples, and then modify or write their own programs toward advancing their knowledge for solving more complex and challenging problems. The presentation format of this book focuses on simplicity, readability, and dependability so that both undergraduate and graduate students as well as new researchers, developers, and practitioners in this field can easily trust and grasp the concepts, and learn them effectively. It has been written to reduce the mathematical complexity and help the vast majority of readers to understand the topics and get interested in the field. This book consists of four parts, with the total of 14 chapters. The first part mainly focuses on the topics that are needed to help analyze and understand data and big data. The second part covers the topics that can explain the systems required for processing big data. The third part presents the topics required to understand and select machine learning techniques to classify big data. Finally, the fourth part concentrates on the topics that explain the scaling-up machine learning, an important solution for modern big data problems.

Machine Learning Models and Algorithms for Big Data Classification

Thinking with Examples for Effective Learning

Author: Shan Suthaharan

Publisher: Springer

ISBN: 9781489978523

Category: Business & Economics

Page: 359

View: 822

This book presents machine learning models and algorithms to address big data classification problems. Existing machine learning techniques like the decision tree (a hierarchical approach), random forest (an ensemble hierarchical approach), and deep learning (a layered approach) are highly suitable for the system that can handle such problems. This book helps readers, especially students and newcomers to the field of big data and machine learning, to gain a quick understanding of the techniques and technologies; therefore, the theory, examples, and programs (Matlab and R) presented in this book have been simplified, hardcoded, repeated, or spaced for improvements. They provide vehicles to test and understand the complicated concepts of various topics in the field. It is expected that the readers adopt these programs to experiment with the examples, and then modify or write their own programs toward advancing their knowledge for solving more complex and challenging problems. The presentation format of this book focuses on simplicity, readability, and dependability so that both undergraduate and graduate students as well as new researchers, developers, and practitioners in this field can easily trust and grasp the concepts, and learn them effectively. It has been written to reduce the mathematical complexity and help the vast majority of readers to understand the topics and get interested in the field. This book consists of four parts, with the total of 14 chapters. The first part mainly focuses on the topics that are needed to help analyze and understand data and big data. The second part covers the topics that can explain the systems required for processing big data. The third part presents the topics required to understand and select machine learning techniques to classify big data. Finally, the fourth part concentrates on the topics that explain the scaling-up machine learning, an important solution for modern big data problems.

Machine Learning Models and Algorithms for Big Data Classification

Thinking with Examples for Effective Learning

Author: Shan Suthaharan

Publisher: Springer

ISBN: 9781489976406

Category: Business & Economics

Page: 359

View: 2353

This book presents machine learning models and algorithms to address big data classification problems. Existing machine learning techniques like the decision tree (a hierarchical approach), random forest (an ensemble hierarchical approach), and deep learning (a layered approach) are highly suitable for the system that can handle such problems. This book helps readers, especially students and newcomers to the field of big data and machine learning, to gain a quick understanding of the techniques and technologies; therefore, the theory, examples, and programs (Matlab and R) presented in this book have been simplified, hardcoded, repeated, or spaced for improvements. They provide vehicles to test and understand the complicated concepts of various topics in the field. It is expected that the readers adopt these programs to experiment with the examples, and then modify or write their own programs toward advancing their knowledge for solving more complex and challenging problems. The presentation format of this book focuses on simplicity, readability, and dependability so that both undergraduate and graduate students as well as new researchers, developers, and practitioners in this field can easily trust and grasp the concepts, and learn them effectively. It has been written to reduce the mathematical complexity and help the vast majority of readers to understand the topics and get interested in the field. This book consists of four parts, with the total of 14 chapters. The first part mainly focuses on the topics that are needed to help analyze and understand data and big data. The second part covers the topics that can explain the systems required for processing big data. The third part presents the topics required to understand and select machine learning techniques to classify big data. Finally, the fourth part concentrates on the topics that explain the scaling-up machine learning, an important solution for modern big data problems.

Machine Learning Algorithms

Author: Giuseppe Bonaccorso

Publisher: Packt Publishing Ltd

ISBN: 1785884514

Category: Computers

Page: 360

View: 7423

Build strong foundation for entering the world of Machine Learning and data science with the help of this comprehensive guide About This Book Get started in the field of Machine Learning with the help of this solid, concept-rich, yet highly practical guide. Your one-stop solution for everything that matters in mastering the whats and whys of Machine Learning algorithms and their implementation. Get a solid foundation for your entry into Machine Learning by strengthening your roots (algorithms) with this comprehensive guide. Who This Book Is For This book is for IT professionals who want to enter the field of data science and are very new to Machine Learning. Familiarity with languages such as R and Python will be invaluable here. What You Will Learn Acquaint yourself with important elements of Machine Learning Understand the feature selection and feature engineering process Assess performance and error trade-offs for Linear Regression Build a data model and understand how it works by using different types of algorithm Learn to tune the parameters of Support Vector machines Implement clusters to a dataset Explore the concept of Natural Processing Language and Recommendation Systems Create a ML architecture from scratch. In Detail As the amount of data continues to grow at an almost incomprehensible rate, being able to understand and process data is becoming a key differentiator for competitive organizations. Machine learning applications are everywhere, from self-driving cars, spam detection, document search, and trading strategies, to speech recognition. This makes machine learning well-suited to the present-day era of Big Data and Data Science. The main challenge is how to transform data into actionable knowledge. In this book you will learn all the important Machine Learning algorithms that are commonly used in the field of data science. These algorithms can be used for supervised as well as unsupervised learning, reinforcement learning, and semi-supervised learning. A few famous algorithms that are covered in this book are Linear regression, Logistic Regression, SVM, Naive Bayes, K-Means, Random Forest, TensorFlow, and Feature engineering. In this book you will also learn how these algorithms work and their practical implementation to resolve your problems. This book will also introduce you to the Natural Processing Language and Recommendation systems, which help you run multiple algorithms simultaneously. On completion of the book you will have mastered selecting Machine Learning algorithms for clustering, classification, or regression based on for your problem. Style and approach An easy-to-follow, step-by-step guide that will help you get to grips with real -world applications of Algorithms for Machine Learning.

Machine Learning For Dummies

Author: John Paul Mueller,Luca Massaron

Publisher: John Wiley & Sons

ISBN: 1119245516

Category: Computers

Page: 432

View: 5258

Machine learning is an exciting new way to use computers to perform tasks that require the ability to learn from experience. In order to make machine learning a reality, programmers rely on special languages, such as Python and R, and new types of tools. Machine Learning For Dummies helps the reader understand what machine learning is, when it can help perform a new class of computer tasks, and how to implement machine learning using Python and R, along with the required tools. Unlike most machine learning books, Machine Learning For Dummies does not assume that the reader has years of experience using programming languages. This book provides the much-needed entry point for people who really could use machine learning to accomplish practical tasks, but dont necessarily have the skills required to use on more advanced books. This book will cover the entry level materials required to get readers up and running faster, how to perform practical tasks, how to perform useful work without getting overly involved in the underlying math principles, fun ways to play with new tools and learn as a result, and how to separate facts from myth to see how machine learning is useful in todays world. --

Data Classification

Algorithms and Applications

Author: Charu C. Aggarwal

Publisher: CRC Press

ISBN: 1466586753

Category: Business & Economics

Page: 707

View: 3714

Comprehensive Coverage of the Entire Area of Classification Research on the problem of classification tends to be fragmented across such areas as pattern recognition, database, data mining, and machine learning. Addressing the work of these different communities in a unified way, Data Classification: Algorithms and Applications explores the underlying algorithms of classification as well as applications of classification in a variety of problem domains, including text, multimedia, social network, and biological data. This comprehensive book focuses on three primary aspects of data classification: Methods: The book first describes common techniques used for classification, including probabilistic methods, decision trees, rule-based methods, instance-based methods, support vector machine methods, and neural networks. Domains: The book then examines specific methods used for data domains such as multimedia, text, time-series, network, discrete sequence, and uncertain data. It also covers large data sets and data streams due to the recent importance of the big data paradigm. Variations: The book concludes with insight on variations of the classification process. It discusses ensembles, rare-class learning, distance function learning, active learning, visual learning, transfer learning, and semi-supervised learning as well as evaluation aspects of classifiers.

Understanding Machine Learning

From Theory to Algorithms

Author: Shai Shalev-Shwartz,Shai Ben-David

Publisher: Cambridge University Press

ISBN: 1107057132

Category: Computers

Page: 409

View: 3157

Introduces machine learning and its algorithmic paradigms, explaining the principles behind automated learning approaches and the considerations underlying their usage.

Data Science Algorithms in a Week

Author: David Natingga

Publisher: Packt Publishing Ltd

ISBN: 1787282740

Category: Computers

Page: 210

View: 1871

Build strong foundation of machine learning algorithms In 7 days. About This Book Get to know seven algorithms for your data science needs in this concise, insightful guide Ensure you're confident in the basics by learning when and where to use various data science algorithms Learn to use machine learning algorithms in a period of just 7 days Who This Book Is For This book is for aspiring data science professionals who are familiar with Python and have a statistics background. It is ideal for developers who are currently implementing one or two data science algorithms and want to learn more to expand their skill set. What You Will Learn Find out how to classify using Naive Bayes, Decision Trees, and Random Forest to achieve accuracy to solve complex problems Identify a data science problem correctly and devise an appropriate prediction solution using Regression and Time-series See how to cluster data using the k-Means algorithm Get to know how to implement the algorithms efficiently in the Python and R languages In Detail Machine learning applications are highly automated and self-modifying, and they continue to improve over time with minimal human intervention as they learn with more data. To address the complex nature of various real-world data problems, specialized machine learning algorithms have been developed that solve these problems perfectly. Data science helps you gain new knowledge from existing data through algorithmic and statistical analysis. This book will address the problems related to accurate and efficient data classification and prediction. Over the course of 7 days, you will be introduced to seven algorithms, along with exercises that will help you learn different aspects of machine learning. You will see how to pre-cluster your data to optimize and classify it for large datasets. You will then find out how to predict data based on the existing trends in your datasets. This book covers algorithms such as: k-Nearest Neighbors, Naive Bayes, Decision Trees, Random Forest, k-Means, Regression, and Time-series. On completion of the book, you will understand which machine learning algorithm to pick for clustering, classification, or regression and which is best suited for your problem. Style and approach Machine learning applications are highly automated and self-modifying which continue to improve over time with minimal human intervention as they learn with more data. To address the complex nature of various real world data problems, specialized machine learning algorithms have been developed that solve these problems perfectly.

Pro Machine Learning Algorithms

A Hands-On Approach to Implementing Algorithms in Python and R

Author: V Kishore Ayyadevara

Publisher: Apress

ISBN: 1484235649

Category: Computers

Page: 372

View: 9071

Bridge the gap between a high-level understanding of how an algorithm works and knowing the nuts and bolts to tune your models better. This book will give you the confidence and skills when developing all the major machine learning models. In Pro Machine Learning Algorithms, you will first develop the algorithm in Excel so that you get a practical understanding of all the levers that can be tuned in a model, before implementing the models in Python/R. You will cover all the major algorithms: supervised and unsupervised learning, which include linear/logistic regression; k-means clustering; PCA; recommender system; decision tree; random forest; GBM; and neural networks. You will also be exposed to the latest in deep learning through CNNs, RNNs, and word2vec for text mining. You will be learning not only the algorithms, but also the concepts of feature engineering to maximize the performance of a model. You will see the theory along with case studies, such as sentiment classification, fraud detection, recommender systems, and image recognition, so that you get the best of both theory and practice for the vast majority of the machine learning algorithms used in industry. Along with learning the algorithms, you will also be exposed to running machine-learning models on all the major cloud service providers. You are expected to have minimal knowledge of statistics/software programming and by the end of this book you should be able to work on a machine learning project with confidence. What You Will Learn Get an in-depth understanding of all the major machine learning and deep learning algorithms Fully appreciate the pitfalls to avoid while building models Implement machine learning algorithms in the cloud Follow a hands-on approach through case studies for each algorithm Gain the tricks of ensemble learning to build more accurate models Discover the basics of programming in R/Python and the Keras framework for deep learning Who This Book Is For Business analysts/ IT professionals who want to transition into data science roles. Data scientists who want to solidify their knowledge in machine learning.

Machine Learning

The Art and Science of Algorithms that Make Sense of Data

Author: Peter Flach

Publisher: Cambridge University Press

ISBN: 1107096391

Category: Computers

Page: 396

View: 5779

Covering all the main approaches in state-of-the-art machine learning research, this will set a new standard as an introductory textbook.

Machine Learning and Security

Protecting Systems with Data and Algorithms

Author: Clarence Chio,David Freeman

Publisher: "O'Reilly Media, Inc."

ISBN: 1491979879

Category: Computers

Page: 386

View: 8022

Can machine learning techniques solve our computer security problems and finally put an end to the cat-and-mouse game between attackers and defenders? Or is this hope merely hype? Now you can dive into the science and answer this question for yourself! With this practical guide, you’ll explore ways to apply machine learning to security issues such as intrusion detection, malware classification, and network analysis. Machine learning and security specialists Clarence Chio and David Freeman provide a framework for discussing the marriage of these two fields, as well as a toolkit of machine-learning algorithms that you can apply to an array of security problems. This book is ideal for security engineers and data scientists alike. Learn how machine learning has contributed to the success of modern spam filters Quickly detect anomalies, including breaches, fraud, and impending system failure Conduct malware analysis by extracting useful information from computer binaries Uncover attackers within the network by finding patterns inside datasets Examine how attackers exploit consumer-facing websites and app functionality Translate your machine learning algorithms from the lab to production Understand the threat attackers pose to machine learning solutions

Fundamentals of Machine Learning for Predictive Data Analytics

Algorithms, Worked Examples, and Case Studies

Author: John D. Kelleher,Brian Mac Namee,Aoife D'Arcy

Publisher: MIT Press

ISBN: 0262029448

Category: Computers

Page: 624

View: 8213

A comprehensive introduction to the most important machine learning approaches used in predictive data analytics, covering both theoretical concepts and practical applications.

Machine Learning for Data Streams

with Practical Examples in MOA

Author: Albert Bifet,Ricard Gavaldà,Geoff Holmes,Bernhard Pfahringer

Publisher: MIT Press

ISBN: 0262346052

Category: Computers

Page: 288

View: 4005

A hands-on approach to tasks and techniques in data stream mining and real-time analytics, with examples in MOA, a popular freely available open-source software framework. Today many information sources—including sensor networks, financial markets, social networks, and healthcare monitoring—are so-called data streams, arriving sequentially and at high speed. Analysis must take place in real time, with partial data and without the capacity to store the entire data set. This book presents algorithms and techniques used in data stream mining and real-time analytics. Taking a hands-on approach, the book demonstrates the techniques using MOA (Massive Online Analysis), a popular, freely available open-source software framework, allowing readers to try out the techniques after reading the explanations. The book first offers a brief introduction to the topic, covering big data mining, basic methodologies for mining data streams, and a simple example of MOA. More detailed discussions follow, with chapters on sketching techniques, change, classification, ensemble methods, regression, clustering, and frequent pattern mining. Most of these chapters include exercises, an MOA-based lab session, or both. Finally, the book discusses the MOA software, covering the MOA graphical user interface, the command line, use of its API, and the development of new methods within MOA. The book will be an essential reference for readers who want to use data stream mining as a tool, researchers in innovation or data stream mining, and programmers who want to create new algorithms for MOA.

Machine Learning

An Artificial Intelligence Approach

Author: R.S. Michalski,J.G. Carbonell,T.M. Mitchell

Publisher: Springer Science & Business Media

ISBN: 366212405X

Category: Computers

Page: 572

View: 5268

The ability to learn is one of the most fundamental attributes of intelligent behavior. Consequently, progress in the theory and computer modeling of learn ing processes is of great significance to fields concerned with understanding in telligence. Such fields include cognitive science, artificial intelligence, infor mation science, pattern recognition, psychology, education, epistemology, philosophy, and related disciplines. The recent observance of the silver anniversary of artificial intelligence has been heralded by a surge of interest in machine learning-both in building models of human learning and in understanding how machines might be endowed with the ability to learn. This renewed interest has spawned many new research projects and resulted in an increase in related scientific activities. In the summer of 1980, the First Machine Learning Workshop was held at Carnegie-Mellon University in Pittsburgh. In the same year, three consecutive issues of the Inter national Journal of Policy Analysis and Information Systems were specially devoted to machine learning (No. 2, 3 and 4, 1980). In the spring of 1981, a special issue of the SIGART Newsletter No. 76 reviewed current research projects in the field. . This book contains tutorial overviews and research papers representative of contemporary trends in the area of machine learning as viewed from an artificial intelligence perspective. As the first available text on this subject, it is intended to fulfill several needs.

Introduction to Deep Learning Using R

A Step-by-Step Guide to Learning and Implementing Deep Learning Models Using R

Author: Taweh Beysolow II

Publisher: Apress

ISBN: 1484227344

Category: Business & Economics

Page: 227

View: 9715

Understand deep learning, the nuances of its different models, and where these models can be applied. The abundance of data and demand for superior products/services have driven the development of advanced computer science techniques, among them image and speech recognition. Introduction to Deep Learning Using R provides a theoretical and practical understanding of the models that perform these tasks by building upon the fundamentals of data science through machine learning and deep learning. This step-by-step guide will help you understand the disciplines so that you can apply the methodology in a variety of contexts. All examples are taught in the R statistical language, allowing students and professionals to implement these techniques using open source tools. What You'll Learn Understand the intuition and mathematics that power deep learning models Utilize various algorithms using the R programming language and its packages Use best practices for experimental design and variable selection Practice the methodology to approach and effectively solve problems as a data scientist Evaluate the effectiveness of algorithmic solutions and enhance their predictive power Who This Book Is For Students, researchers, and data scientists who are familiar with programming using R. This book also is also of use for those who wish to learn how to appropriately deploy these algorithms in applications where they would be most useful.

Big Data, Data Mining, and Machine Learning

Value Creation for Business Leaders and Practitioners (Wiley and SAS Business Series)

Author: Jared Dean

Publisher: CreateSpace

ISBN: 9781502462916

Category: Computers

Page: 318

View: 3754

With big data analytics comes big insights into profitability Big data is big business. But having the data and the computational power to process it isn't nearly enough to produce meaningful results. Big Data, Data Mining, and Machine Learning: Value Creation for Business Leaders and Practitioners is a complete resource for technology and marketing executives looking to cut through the hype and produce real results that hit the bottom line. Providing an engaging, thorough overview of the current state of big data analytics and the growing trend toward high performance computing architectures, the book is a detail-driven look into how big data analytics can be leveraged to foster positive change and drive efficiency. With continued exponential growth in data and ever more competitive markets, businesses must adapt quickly to gain every competitive advantage available. Big data analytics can serve as the linchpin for initiatives that drive business, but only if the underlying technology and analysis is fully understood and appreciated by engaged stakeholders. This book provides a view into the topic that executives, managers, and practitioners require, and includes: A complete overview of big data and its notable characteristics Details on high performance computing architectures for analytics, massively parallel processing (MPP), and in-memory databases Comprehensive coverage of data mining, text analytics, and machine learning algorithms A discussion of explanatory and predictive modeling, and how they can be applied to decision-making processes Big Data, Data Mining, and Machine Learning provides technology and marketing executives with the complete resource that has been notably absent from the veritable libraries of published books on the topic. Take control of your organization's big data analytics to produce real results with a resource that is comprehensive in scope and light on hyperbole.

Assessing and Improving Prediction and Classification

Theory and Algorithms in C++

Author: Timothy Masters

Publisher: Apress

ISBN: 1484233360

Category: Computers

Page: 517

View: 5679

Assess the quality of your prediction and classification models in ways that accurately reflect their real-world performance, and then improve this performance using state-of-the-art algorithms such as committee-based decision making, resampling the dataset, and boosting. This book presents many important techniques for building powerful, robust models and quantifying their expected behavior when put to work in your application. Considerable attention is given to information theory, especially as it relates to discovering and exploiting relationships between variables employed by your models. This presentation of an often confusing subject avoids advanced mathematics, focusing instead on concepts easily understood by those with modest background in mathematics. All algorithms include an intuitive explanation of operation, essential equations, references to more rigorous theory, and commented C++ source code. Many of these techniques are recent developments, still not in widespread use. Others are standard algorithms given a fresh look. In every case, the emphasis is on practical applicability, with all code written in such a way that it can easily be included in any program. What You'll Learn Compute entropy to detect problematic predictors Improve numeric predictions using constrained and unconstrained combinations, variance-weighted interpolation, and kernel-regression smoothing Carry out classification decisions using Borda counts, MinMax and MaxMin rules, union and intersection rules, logistic regression, selection by local accuracy, maximization of the fuzzy integral, and pairwise coupling Harness information-theoretic techniques to rapidly screen large numbers of candidate predictors, identifying those that are especially promising Use Monte-Carlo permutation methods to assess the role of good luck in performance results Compute confidence and tolerance intervals for predictions, as well as confidence levels for classification decisions Who This Book is For Anyone who creates prediction or classification models will find a wealth of useful algorithms in this book. Although all code examples are written in C++, the algorithms are described in sufficient detail that they can easily be programmed in any language.

Machine Learning with Spark

Author: Nick Pentreath

Publisher: Packt Publishing Ltd

ISBN: 1783288523

Category: Computers

Page: 338

View: 7659

If you are a Scala, Java, or Python developer with an interest in machine learning and data analysis and are eager to learn how to apply common machine learning techniques at scale using the Spark framework, this is the book for you. While it may be useful to have a basic understanding of Spark, no previous experience is required.

Deep Learning with TensorFlow

Author: Giancarlo Zaccone,Md. Rezaul Karim,Ahmed Menshawy

Publisher: Packt Publishing Ltd

ISBN: 1786460122

Category: Computers

Page: 320

View: 8693

Delve into neural networks, implement deep learning algorithms, and explore layers of data abstraction with the help of this comprehensive TensorFlow guide About This Book Learn how to implement advanced techniques in deep learning with Google's brainchild, TensorFlow Explore deep neural networks and layers of data abstraction with the help of this comprehensive guide Real-world contextualization through some deep learning problems concerning research and application Who This Book Is For The book is intended for a general audience of people interested in machine learning and machine intelligence. A rudimentary level of programming in one language is assumed, as is a basic familiarity with computer science techniques and technologies, including a basic awareness of computer hardware and algorithms. Some competence in mathematics is needed to the level of elementary linear algebra and calculus. What You Will Learn Learn about machine learning landscapes along with the historical development and progress of deep learning Learn about deep machine intelligence and GPU computing with the latest TensorFlow 1.x Access public datasets and utilize them using TensorFlow to load, process, and transform data Use TensorFlow on real-world datasets, including images, text, and more Learn how to evaluate the performance of your deep learning models Using deep learning for scalable object detection and mobile computing Train machines quickly to learn from data by exploring reinforcement learning techniques Explore active areas of deep learning research and applications In Detail Deep learning is the step that comes after machine learning, and has more advanced implementations. Machine learning is not just for academics anymore, but is becoming a mainstream practice through wide adoption, and deep learning has taken the front seat. As a data scientist, if you want to explore data abstraction layers, this book will be your guide. This book shows how this can be exploited in the real world with complex raw data using TensorFlow 1.x. Throughout the book, you'll learn how to implement deep learning algorithms for machine learning systems and integrate them into your product offerings, including search, image recognition, and language processing. Additionally, you'll learn how to analyze and improve the performance of deep learning models. This can be done by comparing algorithms against benchmarks, along with machine intelligence, to learn from the information and determine ideal behaviors within a specific context. After finishing the book, you will be familiar with machine learning techniques, in particular the use of TensorFlow for deep learning, and will be ready to apply your knowledge to research or commercial projects. Style and approach This step-by-step guide will explore common, and not so common, deep neural networks and show how these can be exploited in the real world with complex raw data. With the help of practical examples, you will learn how to implement different types of neural nets to build smart applications related to text, speech, and image data processing.

The Basics of Financial Modeling

Author: Jack Avon

Publisher: Apress

ISBN: 1484208714

Category: Business & Economics

Page: 248

View: 4970

Learn to create and understand financial models that assess the value of your company, the projects it undertakes, and its future earnings/profit projections. Follow this step-by-step guide organized in a quick-read format to build an accurate and effective financial model from the ground up. In this short book, The Basics of Financial Modeling—an abridgment of the Handbook of Financial Modeling—author Jack Avon equips business professionals who are familiar with financial statements and accounting reports to become truly proficient. Based on the author's extensive experience building models in business and finance, and teaching others to do the same, this book takes you through the financial modeling process, starting with a general overview of the history and evolution of financial modeling. It then moves on to more technical topics, such as the principles of financial modeling and the proper way to approach a financial modeling assignment, before covering key application areas for modeling in Microsoft Excel. What You'll Learn Understand the accounting and finance concepts that underpin working financial models Approach financial issues and solutions from a modeler's perspective Think about end users when developing a financial model Plan, design, and build a financial model Who This Book Is For Beginning to intermediate modelers who wish to expand and enhance their knowledge of using Excel to build and analyze financial models