An algorithm is a well-defined and organised set of instructions used to solve a problem or perform a specific task. In the context of artificial intelligence and machine learning, an algorithm is a set of mathematical and statistical rules that are used to analyse data, identify patterns and make decisions or predictions. Algorithms are the basis of many artificial intelligence and machine learning systems, and are used for a wide variety of applications, such as speech recognition, computer vision, product recommendation and fraud detection.
Credit scoring is a system used to rate credits and thus try to automate the decision making process at the time of purchasing a loan, and to [...]
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