Highly Innovative Scientific Research Project.
1. The Fair Play Algorithm: Setting up a Global Standard Procedure.
Award Nomination for The Best Data Scientist. Data Science Awards Spain 2018.
What is an Algorithm?
“An algorithm is a process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer.”
What is Machine Learning?
“Machine Learning is a field of computer science that uses statistical techniques to give computer systems the ability to “learn” (Progressively improve performance on a specific task) with data, without being explicitly programmed.”
What are Machine Learning Algorithms?
“Machine Learning uses programmed algorithms that receive and analyse input data to predict output values within an acceptable range. As new data is fed to these algorithms, they learn and optimise their operations to improve performance, developing “intelligence” over time.”
What is a Supervised Machine Learning Algorithm?
“In Supervised Learning, the machine is taught by example. The operator provides the machine learning algorithm with a known dataset that includes desired inputs and outputs, and the algorithm must find a method to determine how to arrive at those inputs and outputs. While the operator knows the correct answers to the problem, the algorithm identifies patterns in data, learns from observations and makes predictions. The algorithm makes predictions and is corrected by the operator – and this process continues until the algorithm achieves a high level of accuracy/performance.”
What is a Classification Supervised Machine Learning Algorithm?
“In Classification tasks, the machine learning program must draw a conclusion from observed values and determine to what category new observations belong.”
Government Programmes and Initiatives to Promote and Encourage Jobs Creation:
Every government across the world has its own labour market policies. And in order to promote and encourage job creation and economic development, each country has several “schemes” to provide job training and hence achieving full employment for experienced as well as un-experienced job seekers.
There are a clear worldwide increased tendency of these types of schemes for governments to promote and encourage jobs creation and hence economic development.
The Solution: The Fair Play Algorithm.
I am in the process of creating and designing a Classification Supervised Machine Learning Algorithm to make the process of selecting people (job seekers) for differents worldwide programmes and initiatives to promote and encourage jobs creation and hence economic development, within government public administrations (public sector); more efficient, transparent and, above all, fairer.
Euro Area Unemployment Analysis:
The euro area (EA19) seasonally-adjusted unemployment rate was 8.6% in January 2018, stable compared to December 2017 and down from 9.6% in January 2017. This is the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.3% in January 2018, stable compared to December 2017 and down from 8.1% in January 2017. This remains the lowest rate recorded in the EU28 since October 2008. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 17.931 million men and women in the EU28, of whom 14.111 million in the euro area, were unemployed in January 2018. Compared with December 2017, the number of persons unemployed decreased by 19 000 in the EU28 and by 10 000 in the euro area. Compared with January 2017, unemployment fell by 1.867 million in the EU28 and by 1.429 million in the euro area.
Among the Member States, the lowest unemployment rates in January 2018 were recorded in the Czech Republic (2.4%), Malta (3.5%) and Germany (3.6%). The highest unemployment rates were observed in Greece (20.9% in November 2017) and Spain (16.3%).
Compared with a year ago, the unemployment rate fell in all Member States. The largest decreases were registered in Cyprus (from 12.6% to 9.8%), Greece (from 23.3% to 20.9% between November 2016 and November 2017), Croatia (from 12.2% to 9.8%), Portugal (from 10.1% to 7.9%) and Spain (from 18.4% to 16.3%).
In January 2018, the unemployment rate in the United States was 4.1%, stable compared to December 2017 and down from 4.8% in January 2017.
Source of Information:
Eurostat – Euro Area Unemployment Report (January 2018).