Why to Build/Develop Machine Learning Model ?

In any business, there are some easy-to-measure metrics

  • Age, Gender, Income, Education level etc.

  and a difficult-to-measure metric

  • Amount of loan to give
  • Will she buy or not
  • How many days a patient will stay in the hospital etc.,

Machine Learning model helps to predict or find out hard to measure parameter from easy to measure parameter.

One of the machine learning algorithm that computes or predict some thing from the past values is Regression

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