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What is Random Forest?
Random forest is the highly flexible and simple to use machine learning algorithm that produces accurate results. Moreover, it is the widely used algorithm due to its simplicity and diversity. This learning method would use different decision trees. The final decision would be taken based on the majority of the trees that are chosen by the random forest algorithm. Similar to the other machine learning techniques, even the random forests would make use of the training data to predict the future outcome. The random forest would make use of bagging where each tree would learn from the training data. The forest would have thousands of trees.
Why Use Random Forest?
The reasons to use random forest include:
- The random forest algorithm can be used to perform both the regression as well as the classification tasks
- Gives high accuracy by doing the cross-validation
- The random forest classifier would handle the values that are missing and would maintain preciseness of huge chunks of data
- If the trees are a lot, then it would restrict the over-fitting trees to embed in the model
- It can handle huge chunks of data that has high dimensionality.
How the Random Forest works?
The random forest is the supervised learning algorithm and is build with a large number of decision trees that are trained with the help of the bagging method. This method is the blend of different learning models that would give you an accurate result. The random forest would let you construct multiple decision trees that are merged together to give an accurate prediction. The best thing about the random forest is that it would solve classification and regression problems briskly.
The random forest would possess the same hyperparameters like the decision tree or the bagging classifier. However, there is no need for you to blend the decision tree with the bagging classifier as it becomes easier for you to use the classifier-class random forest. With the random forest, it becomes easier for you to complete the regression tasks with the help of an algorithm regressor. There is a randomness that is added to the model with the growth of the tree. In the random forest, the features of the random subset would be considered by the algorithm to split the node. You can make the trees random with the help of random thresholds.
The best way to explain the working of random forest is through an example. James is the person who would like to go on a vacation every year. He takes suggestions from the friends and known ones. The first friend whom he approaches would ask the likes and dislikes based on the past travel experiences. With the answers provided by James, the friend would give some valuable advice on the travel. The friend has made use of the typical decision tree approach. The friend of James has set the rules to help him with the right decisions based on the answers received from James. Later, James has consulted many other friends to take their suggestions on his next travel plan. They have asked him different questions. Finally, James has chosen the destination that is mostly recommended by all of his friends.
There is another example that can better explain the working of random forest. There are thousands of random trees that are created for which there is a hand. Every random tree would anticipate a different outcome for the same features. The small portion of the forest would take a close look at the random features such as hand or fingers. The randomly picked decision trees would give you some unique features about thumb, fingers, and human. The votes that you get for the finger would be calculated based on random decisions. The same thing is applicable to the thumb and human. If the number of votes for the finger is higher, then the predicted target would return as the finger.
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Uses of Random Forest Analysis
Students who are pursuing machine learning courses must be thorough with this topic. Here are a few applications where the random forest algorithm would be used
- Banking sector - The banks will have different customers. Few would be loyal to the bank while a few would-be fraudsters. If you want to determine whether the customer is a genuine one or not, then you must do a random forest analysis. This algorithm in machine learning would determine whether the customer is loyal to your bank or is a fraudster. There are a series of random algorithms that are used to identify fraudulent transactions with a series of patterns.
- Medicines - The medicines are prepared with different ingredients. Few of them would be natural while a few others would be chemicals. You can identify the combination of chemicals used in preparing the medicine; random forest analysis is used. With the help of this machine learning algorithm, it becomes easier for you to learn about the drug sensitivity of this medicine. You can also learn about the disease of the patient just by going through the past medical records.
- Stock market -The machine learning is playing a critical role in stock market analysis. If you want to learn about the stock market behavior, you can make use of the random forest algorithm. It will analyze the stock market behavior in no time. You can know the profit and loss that you can reap by purchasing a specific stock.
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