Supervised learning

Supervised learning

Supervised learning is a machine learning process that teaches algorithms predictive models by feeding the algorithm input data with known outcomes—i.e., supervised learning teaches algorithms by example.

The input/output pair (labelled data) provides feedback for the algorithm, which uses the training data set to adjust the model to minimise error.

For example, a training set may contain pictures of different kinds of animals with a label associated to each picture, allowing the algorithm to compare the predicted label with the correct one.

Supervised learning uses a validation data set to measure the algorithm’s progress in learning the model and a test data set to evaluate the model’s performance on never-before-seen data to determine whether the model has learned its training data effectively and can generalise to new data.

Sources:

https://www.fatf-gafi.org/en/publications/Digitaltransformation/Opportunities-challenges-new-technologies-for-aml-cft.html