Algorithms of Machine Learning
We are, in all likelihood, living in the most defining
period of human history. The period when computing moved from large mainframes
to PCs and then to the cloud. But what makes it more defining is what is coming
in our way in the upcoming years.
What makes this period exciting and captivating for someone
is the normalization of the various tools and techniques, which followed the
boost in computing.
1. Supervised
Learning: Consists of a target / output variable (or dependent variable)
which is to be predicted from a given set of predictors (independent
variables). Using these set of variables, we generate a function which map
inputs to desired outputs. The training process continues until the model
achieves a desired level of accuracy on the training data. Some of the examples
of Supervised Learning are Regression, Decision Tree, Random Forest, KNN,
Logistic Regression etc.
2. Unsupervised
Learning: In this, we do not have any target or outcome variable for
prediction or estimation. It is used for clustering the population in different
groups, which is widely used for segmenting customers in different groups for
specific intervention. Some of the examples of Unsupervised Learning are
Apriori algorithm, K-means.
3. Reinforcement
Learning: Using this, the machine is trained to make most specific
decisions. It works in this way- the machine is revealed to an environment
where it trains itself continuously using trials and errors. This machine
learns from the past experiences and tries to capture the best possible
knowledge to make the most accurate business decisions. Some of the examples of
Reinforcement Learning are Markov Decision Process.
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