as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the concept of machine learning algorithms in three sentences or less.
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machine learning algorithms are computer programs that learn from data to make predictions or decisions. they identify patterns in data, using statistical and computational techniques, to improve their performance over time. these algorithms can be used to classify data, make forecasts, and identify trends.
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