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.
system
what is the difference between a supervised learning algorithm and an unsupervised learning algorithm?
user
supervised learning algorithms require a labeled dataset, in which the input data has already been categorized in some way, which is used to train the model and make predictions about new data. unsupervised learning algorithms, on the other hand, do not require a labeled dataset and instead use the input data to discover patterns and trends in the data itself. unsupervised learning is used to uncover hidden insights which can be used in a variety of applications.
assistant