TDSM 7.3

Examples:

1. First Principle Model : A model predicting the result of a football match. Result of a match depends on the form of its players. So features measuring the form of a player could help us predict the result of a match. Another example is predicting of stock price. The stock price may depend on performance of the company.

1. Data-Driven Models: A model predicting the weather on a given day is data driven because we will use data of previous years to predict it. Predicting stock price using history price data is a data-driven model.