Predictive Analytics in Business
K-nearest neighbors (knn) is a simple, yet powerful, algorithm used for classification and regression tasks in predictive analytics. It operates on the principle of identifying the 'k' closest data points in the feature space to a given input and making predictions based on the majority class (for classification) or averaging the values (for regression) of these neighbors. This algorithm is particularly valued for its intuitive approach and effectiveness in handling multi-class problems, making it a popular choice in various applications.
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