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Pareto frontier

As explained in Delivering Machine Learning Projects: From design to deployment

A Pareto front is the boundary formed by nondominated outcomes that represent the best available tradeoffs among multiple criteria.

A Pareto frontier is the boundary of candidate models with the best available tradeoffs across multiple tests. It helps combine independent measures without forcing them into one aggregate ranking. A model is excluded when another is at least as good across the compared dimensions and better in one of them. section 8.3.3

Comparing hbi and rotm performance

For imaginary models evaluated on the hard-but-important (hbi) and run-of-the-mill (rotm) test sets, model F remains in the Pareto set because it offers a best tradeoff. Model G is excluded because it is no better than F on either test. The resulting candidate set narrows the decision but does not determine the final choice. section 8.3.3

Figure 8.3 A Pareto front for models evaluated from the hard-but-important (hbi) and run-of-the-mill (rotm) data sets

Use the figure to inspect the Pareto-front boundary for models evaluated across hbi and rotm. section 8.3.3

Pareto sets can handle more than two tests, but they usually leave several candidates for qualitative judgment. Record the decision basis when selecting among remaining models, especially when quantitative results do not identify a clear winner. section 8.6

How Delivering Machine Learning Projects: From design to deployment covers it

How deep it goes
Defines Pareto-efficient sets, demonstrates dominance with two tests, and extends the method to many tests before final judgment.
Examples
Uses imaginary models evaluated on hbi and rotm, including F's inclusion and G's exclusion from the Pareto set.
What you can do after
Evaluate/understand model candidates, narrow the selection pool, and document the judgment among remaining tradeoffs.
How it connects
Connects model selection with rankings, multi-criteria decision making, cross-validation, A/B testing, and multi-armed bandits.

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This explainer was generated by Manning's knowledge graph from the text of Delivering Machine Learning Projects: From design to deployment. The section links point to the parts of the book it draws on.