Put in simple terms, neural networks are a kind of statistical model used in computer science to model a function. There are many different types of neural networks, each being able to learn to do a different type of thing, depending on their structure, how they’re trained, the data that they are provided with, and certain other parameters, such as the learning rate.

Some compare neural networks and machine learning to the new electricity or the new fire of our generation, as it brings incomparable utility and efficiency to our economy and our day-to-day lives; others, however, think of it…

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