How Much Data do You Need? Part 3 —Data Samples and Convergence

This is the last part of the series in which we are going to talk about converging on a representative sample. If you missed the previous parts, before going further take your time and read them: 1. How much data do you need? Part 1 — The Amount of Data is Rather Irrelevant for Data [...]

How much data do you need? Part 1 — the amount of data is rather irrelevant for data mining algorithms

Do data mining algorithms need a ton of data (like millions of cases) to find hidden patterns? Absolutely not. Does this means that you can use only a handful of data to mine? Probably not either. In this article I am going to explain the first statement. In the upcoming one we will see why [...]