What are some challenges and limitations of KNN-based predictive models?
Predictive modeling is a process of using data and algorithms to make predictions about future outcomes or behaviors. One of the most popular and simple methods for predictive modeling is k-nearest neighbors (KNN), which assigns a new observation to the class or value of its closest neighbors in a training dataset. But how does KNN compare to other machine learning methods, and what are some of the challenges and limitations of using KNN for predictive modeling? In this article, we will explore these questions and provide some tips and best practices for applying KNN effectively.