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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how do you explain the concept of machine learning in simple terms?
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machine learning is a type of artificial intelligence that focuses on building computer systems that learn by themselves. these systems don’t require explicit programming to create models or perform tasks; instead, they use large datasets to make predictions and automate tasks. by ingesting data and mining patterns, machine learning algorithms can detect complex relationships and iteratively improve their predictive accuracy.
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