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How will you decide whether a customer will buy a product today or not given the income of the customer, location where the customer lives, profession and gender? Define a machine learning algorithm for this.
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Answer / Dinesh Pal Singh
This can be approached using a classification algorithm like logistic regression or decision trees. Variables such as income, location, profession, and gender would serve as predictors while the purchase behavior acts as the target variable. Model performance is evaluated through metrics like accuracy, precision, recall, and F1 score.
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