Which description best defines machine learning?
You own a new local private transport service and want to use machine learning to adjust the pricing of your service throughout the day instead of using a fixed-pricing approach that does not change automatically. What data would a machine learning model need in order to predict when to adjust transport pricing?
Which phase of a machine learning project occurs before collecting and preparing data?
A franchise movie-rental store has decided to launch their own streaming rental service to expand their presence in the online market. The stores are well known for their in-depth and personalized recommendations by the store clerks. The CEO wants the new rental streaming service to also provide relevant recommendations for its customers. What data should be collected and used to provide the most accurate customer recommendations in an online film and movie streaming service?
You work for a graphic design software company that offers a 7-day trial of your products to potential paying customers. You analyze why users convert their free trial into a software purchase. You are curious whether machine learning can predict which customers will convert their trial into a purchase and which users might need additional persuasion. Assess the following use case against a two-factor grid:“How could we use machine learning to predict whether a trial user will convert to a paid purchase after using the software’s unique color editing tools?
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