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ML search is more about ‘averages’ based on samples.

Innovations like these are more about ‘shocks’ that surface fitting cannot capture.

Note universal approximation theorem applies only to smooth surfaces.



Not always. Quantile regression exists. And you can develop "no match" categories.


Quantile regression is also about averages.


Averages are formulated as measures of centrality in the L2 norm ("straight line" distance), sum(values) / count(values). Quantile regression uses modifications the L1 norm ("city block" distance); if median (50%) then it is a measure of centrality. Not everything is an average. If you're interested, this is a good (but math heavy) treatment: https://en.wikipedia.org/wiki/Quantile_regression#Computatio...


But the better the mean surface is fitted (in a generizable way), the easier it is to spot outliers.


Well said.




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