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An Ensemble Approach to Financial Entity Matching for the FELIX 2016 Challenge Enrico PalumboGiuseppe RizzoRaphal Cronyism, ItalyISMB, ItalyEURECOM, Francepalumbo@ismb.itgiuseppe.rizzo@abstractTRACT Financial
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Train each base model on the training dataset.
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Evaluate the performance of each model using a validation dataset.
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An ensemble approach refers to a method that combines multiple models or predictions to improve accuracy and reliability in decision-making or forecasting.
Individuals or organizations that utilize ensemble methods in their data analysis or modeling processes may be required to file an ensemble approach, particularly for regulatory compliance or reporting purposes.
Filling out an ensemble approach typically involves documenting the models used, the data sources, the methodology for combining the models, and any relevant performance metrics.
The purpose of an ensemble approach is to enhance predictive performance, reduce variance, and increase robustness by leveraging the strengths of multiple models.
Information that must be reported includes the individual models used in the ensemble, the rationale for model selection, the methodology for combination, and evaluation metrics such as accuracy and error rates.
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