Simple Explanation of Machine Learning shown with Excel - Part 1

Every wondered how Machine learning works?  In this 2 part article we are going to explain machine learning with Excel

Introduction

The world is full with a lot of data, pictures, music, text, video, spreadsheets.; Machine learning brings the promise of delivering meaning from that data. Humans learn from experience. if we touch something hot, that burning sense is stored in memory and we quickly learn not to touch it again. Machine learning is like human learning as it learns from the past. We feed a computer data, which represents some past experience, and then with the use of different statistical methods, we can make predictions. Machine learning is all around us, from using Google Search, to diagnosis of skin cancer. There are few industries yet to feel the effect. This include the banking and finance sector. One of the core uses of machine learning in banking has been to combat fraud and comply with AML regulations. Banks can also use machine learning algorithms to analyse an applicant for credit, be that an individual or a business, and make approvals according to a set of pre-defined parameters. Some of these algorithms simply look at a customers credit score, age and

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Posted from my blog with SteemPress : http://theexcelclub.com/simple-explanation-of-machine-learning-shown-with-excel-part-1/

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