Machine learning is one of the advanced analytics that harness data. Machine learning is a collection of algorithms that helps people to understand data in many different ways. These algorithms can be categorized into two categories:
- Supervised learning: Supervised-learning algorithms are some of the most commonly used machine learning algorithms. They use historical data to train a machine- learning model. These algorithms can be further categorized into classification and regression algorithms. In classification algorithms, the model is trained to predict a categorical/discrete dependent variable. One of the basic examples is predicting whether an email is spam. On the other hand, regression algorithms predict continuous variables. An example of the regression algorithm would be to predict stock prices.
- Unsupervised learning: In unsupervised learning, no historical...
