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 in your own words the concept scaling with respect to machine learning.
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scaling is the process of changing the scale of data used in machine learning algorithms. this can involve changing the range of the data values by using normalization, reducing variance by using standardization, or using logarithmic scaling to bring order of magnitude differences in the data points closer together. scaling can help machine learning algorithms perform more accurately and efficiently by providing a more uniform dataset.
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