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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name a common machine learning algorithm used for solving classification tasks.
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a common machine learning algorithm used for solving classification tasks is support vector machines (svm). svm is a supervised learning algorithm that uses a combination of linear classification and non-linear classification techniques to maximize accuracy and minimize generalization errors. it can also handle large datasets easily and provide better prediction results than other algorithms.
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