A Machine Learning Algorithm Continues to Add to Its Teaching

question 18

True/False

A machine learning algorithm continues to add to its teaching set, with every right or wrong response to the task completion based on the given dataset, thus becoming better and smarter at completing a task over time.

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Definitions:

Qualitative Characteristic

A feature that defines or describes non-quantifiable elements of financial information, aiding in its usefulness for decision-making.

Relevance

The quality of information that makes it useful for decision-making by accurately reflecting the financial situation of a business.

Representational Faithfulness

The quality of financial information that ensures it accurately reflects an entity's transactions and events without error or bias.

Financial Reporting

Generating financial statements that provide insight into an organization's economic status to its overseers, stakeholders, and governmental authorities.