Machine Learning is Label Making

Label Making. That is my simple two-word definition of Machine Learning. Machine Learning is Label Making. ML is LM.

Especially supervised machine learning, which creates either numerical labels (using regression algorithms) to make predictions about a continuous data value (such as sale or stock prices), or categorical labels (using classification algorithms) to assign data to pre-defined groups also called classes (such as Fraud or Not Fraud for financial transactions).

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