Microsoft Azure AI Fundamentals AI-900 Practice Question
A company collected data to develop a machine learning model that predicts the final selling price of products based on factors like 'Production Cost', 'Marketing Budget', 'Competitor Prices' and 'Time on Market'.
In this context, which variable is the label for the model?
In machine learning, the label is the variable that represents the output or the value the model is trying to predict. In this scenario, the model aims to predict the 'Final Selling Price' of products, making it the label.
The other variables such as 'Production Cost', 'Marketing Budget' and 'Competitor Prices' are features that the model uses to make the prediction.
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Microsoft Azure AI Fundamentals AI-900
Describe Fundamental Principles of Machine Learning on Azure
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