Which machine learning technique is used for making predictions based on historical data?Answer areaClusteringClassificationRegressionDimensionality reduction

Machine Learning Methods

In which of the following areas is machine learning commonly applied?Answer areaMedical diagnosisStock market predictionSpeech recognitionAll of the above

2. A bank wants to use historic loan repayment records to categorize loan applications as low-risk or high-risk based on characteristics like the loan amount, the income of the borrower, and the loan period. What kind of machine learning model should the bank use automated machine learning to create? ClassificationRegressionTime series forecasting

Which of the following is a common application of supervised machine learning?Predicting the win rate of a team from historical dataUnsupervised clustering of customer dataAll of the aboveComparing variances of two populationsPreviousSAVE

Using historical data to make informed decisions about how things may be in the future is an example of making predictions.1 pointTrueFalse