I dont feel like im doing statistical modeling when i do ml. Usually feels more like pipe alignment, followed by tremendous amounts of debugging.
- Statistical modelling: Manual feature engineering, manual model specification (y = ax + b)
- Machine learning: Manual feature engineering, automated model specification (y = ax + b or y = ax^2 + b, I don't care, the algorithm should figure it out).
- AI: Automated feature engineering (e.g. CNN), automated model specification
And furthermore the models are always chosen from a predefined hypothesis set, so there can never be truly automated specification.