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on 23-Apr-2025 (Wed)

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#abm #agent-based #machine-learning #model #priority

Universal Framework for Agent based Models - 4 phases

(1) Initialization (2) Experience(3) Training(4) Application

In the Training phase, the Artificial Neural Network is trained to solve the following classification problem: The Neural Network is presented with the input of the agent and a decision and should estimate whether this is a good, a neutral or a bad decision. Various methods could be used for this type of problem. In order to keep the framework versatile, a hidden layer approach [49,50] is used here. After training the Artificial Neural Network, an unused part of the database gathered in phase two is used for cross validation [51]. The Artificial Neural Network is implemented using scikit-learn

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Flashcard 7697625910540

Tags
#feature-engineering #lstm #recurrent-neural-networks #rnn
Question
Since customer transactions occur sequentially, they can be modeled as a sequence prediction task using an RNN as well, where all firm actions and customer [...] are represented by elements in a vector.
Answer
responses

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Since customer transactions occur sequentially, they can be modeled as a sequence prediction task using an RNN as well, where all firm actions and customer responses are represented by elements in a vector.

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