What are the most common types of Machine Learning tasks?

Question

Can anyone tell me what are the most common types of Machine Learning tasks?

Answer 1

The following are the most common types of Machine Learning tasks:

Regression:

Predicting a continuous quantity for new observations by using the knowledge gained from the previous data. The target variable is continuous. 

Classification:

Classifying the new observations based on observed patterns from the previous data. The target variable is discrete. 

Clustering

Process of grouping similar observations in one cluster and dissimilar observations in another cluster.

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