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 what is meant by the terms "machine learning"
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machine learning is a field of artificial intelligence that involves developing algorithms to learn from data and make predictions or decisions based on a set of parameters. the algorithms used in machine learning are adaptive and constantly evolving and thus, can be used to effectively map complex problems and processes. machine learning algorithms are used for a variety of tasks, such as classification, pattern recognition, clustering, regression, and anomaly detection.
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