In machine learning, categorical variables often need to be converted into a numerical format to be effectively used in algorithms. This process is known as encoding. There are several methods for encoding categorical variables, each with its own advantages and disadvantages. In this article, we will explore the most common encoding methods: One-Hot Encoding, Label Encoding, and Target Encoding.
Choosing the right encoding method for categorical variables is crucial in feature engineering. Each method has its own strengths and weaknesses, and the choice often depends on the specific dataset and the machine learning algorithm being used. Understanding these pros and cons will help you make informed decisions and improve your model's performance.