Which type of learning algorithm can predict the value of a variable of a loan interest rate based on the value of other variables?
Answers Explanation & Hints:
The type of learning algorithm that can predict the value of a variable of a loan interest rate based on the value of other variables is Regression. Regression is a type of supervised learning where the goal is to predict a continuous numerical value. In this case, the interest rate is a continuous variable that can be predicted based on other input variables such as credit score, loan amount, and employment history. There are different regression algorithms available such as linear regression, decision tree regression, and random forest regression, among others.