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billion by 2031. It is projected to grow at a CAGR of 34.20% in the forecast period (2024-2031). The two most common formats are: CSV (Comma-Separated Values) : A widely used format for tabular data, CSV files are simple to use and can be opened in various tools, such as Excel, R, Python, and others. It was valued at USD 35.80
Key programming languages include Python and R, while mathematical concepts like linear algebra and calculus are crucial for model optimisation. billion by 2031, growing at a CAGR of 34.20%. Key Takeaways Strong programming skills in Python and R are vital for Machine Learning Engineers. during the forecast period.
billion by 2031 at a CAGR of 34.20%. After cleaning, the data may need to be preprocessed, which includes scaling numerical features, encoding categorical variables, and transforming text or images into formats suitable for the model. converting dates into day of the week, creating dummy variables for categorical data).
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