Conclusion

Classical
Choice of ML
Statistics Model
Analysis
Industry Paramete
4.0 Historical data is huge
r Trade-off
9 different models have
and has high be proposed in this case.
complexity and Using classical statistics,
In our case, model
dimensionality. Hence production planning was
Using sensors and trained and validated
Classical statistical carried out using only 2 There is a trade-
new technologies using a categorical
model wont help. variables. Hence decisions off between the
to store and variable wont help, as it
Advanced data were made with large complexity of a
analyse data would be more complex
analysis tool is need uncertainty, ignoring other model and the
and less informative
for this. important variables, analysis
resulting in over stock and
food wastage.