From the course: Microsoft Azure AI Fundamentals (AI-900) Cert Prep by Microsoft Press

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Identify classification machine learning scenarios

Identify classification machine learning scenarios

- [Instructor] Now the good news is there's only two of these high dollar ML terms. There's the regression, which is predicting on numeric data, and then classification where you're labeling. Could be a binary, like a yes or a no, could be a predefined enumeration, A, B, C, but you're doing some kind of classification rather than predicting a numeric value. Flagging legitimate versus fraudulent transactions. Spam filtering with email, medical diagnoses, boy, this can help the medical staff detecting diseases and so forth based on symptoms. Exam related example, Contoso Bank predicts loan default risk, low versus high. Now, how would they do that? Let's talk about that for a second. Well, Contoso Bank would have a lot of data, all of their customer data historically, a lot of times you can pay to access data. I mean, that's just the way it is. And then they have to figure out how they, which algorithms they could use in their model that can satisfy this question. How can we take a new…

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