Using Machine Learning in Business Operations
Machine learning is an area of research focused on comprehending and developing “learning” processes, or processes that use data to enhance performance on a given set of tasks. It is considered to be a component of artificial intelligence. Among them, machine learning is a technology that enables companies to efficiently extract knowledge from unstructured data. With little to no programming, machine learning—and more precisely, machine learning algorithms—can be used to iteratively learn from a given dataset and comprehend patterns, behaviors, and so on.
In this chapter, we will learn how to do the following:
- Validate the difference of observed effects with statistical analysis
- Analyze the correlation and causation as well as model relationships between variables
- Prepare the data for clustering and machine learning models
- Develop machine learning models for regression and classification...
