What is ML: An Overview and Classification of Machine Learning Methods

Tracey Fabbozzi

Introduction

Machine learning is a branch of artificial intelligence (AI) that involves the development of computer programs that can learn from data and make predictions on future events. The development of these algorithms has been revolutionized by the availability of large amounts of data, increasing computational power, and improvements in statistical modeling techniques. Machine learning algorithms are often used to predict customer behavior or assist in fraud detection.

What is ML?

Machine learning (ML) is a way to solve problems without following a predefined procedure.

It’s used to solve problems that are too complex to be solved using traditional programming, or when there isn’t enough data available for it to be done manually.

Machine learning can also be used in many other situations where you need more accurate predictions than would normally be possible, such as predicting the weather or finding patterns in sales data.

Classification of ML Techniques

There are three types of Machine Learning techniques: supervised learning, unsupervised learning and reinforcement learning.

Supervised Learning is used to predict or classify data by using labeled examples. It’s also called “training” because you train your algorithm with datasets that contain the desired outputs (a set of features) and their known labels (the target values). The goal is to build a model that can make accurate predictions based on new data points in order to make predictions on new unseen samples in future.

Supervised Learning

In supervised learning, the computer program learns from example input data. The computer program is given a set of training examples and their associated labels (also called target values). The goal is for the computer program to use this information to predict an output value or target value for new data.

Understanding the difference between predictive modeling with unsupervised learning versus supervised learning can be difficult at first glance because both techniques involve using historical data to make predictions about future events. However, there are some important differences between them:

  • Unsupervised Machine Learning requires only input variables–it doesn’t require any labels or targets in order for it to work properly! This means that if you’re trying out different algorithms on your own without any guidance from an expert who knows what types of results should look like before beginning your experimentations then chances are good that one day soon someone will come along (maybe even yourself) saying “Why did I choose this particular algorithm over another one?”

Unsupervised Learning

Unsupervised learning is used to find hidden patterns in data. Unsupervised learning methods are used for classification, clustering and anomaly detection.

Unsupervised learning is also used for dimensionality reduction, regression and anomaly detection.

Reinforcement Learning

In reinforcement learning (RL), the agent learns by interacting with its environment. The agent’s goal is to maximize a numerical value called the reward. The agent can learn to make decisions that maximize the reward and avoid punishments.

The following are some examples of RL algorithms:

Machine learning is a computational method for solving problems without following a predefined procedure.

Machine learning is a subfield of artificial intelligence that develops computer programs based on experience, rather than explicitly coding every rule. Machine learning can also be considered as a form of statistical classification, but different from traditional methods of statistical classification.

The goal of Machine Learning is to develop algorithms that allow computers to learn from data without being explicitly programmed with all the knowledge required for solving the task at hand.

Conclusion

Machine learning is an exciting field of study that has many practical applications in everyday life. It is also a branch of artificial intelligence that has grown rapidly over the past decade as computers have become faster and more powerful. The goal of this article was to give you an overview of what machine learning is and how it works so that next time someone asks “what’s ML?” You can answer them confidently!

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