GSCM 575 Machine Learning in Business
Machine learning applies a computer algorithm to detect patterns from which it "learns" the relationships among a set of variables to generate predictions for a variable of interest, assesses the predictive accuracy of its outputs, and then modifies itself accordingly to improve the accuracy of future predictions. The profound effects of machine learning contribute not only to business analysis, but increasingly influence society as a whole such as Netflix recommendations, medical diagnostics, facial recognition on photographs stored on a smartphone, and self-driving cars.