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Primarily there are two broad statistical or machine learning approaches, supervised and unsupervised. The vast majority of statistical learning methods are supervised, and they are

Primarily there are two broad statistical or machine learning approaches, supervised and unsupervised. The vast majority of statistical learning methods are supervised, and they are simpler to implement, in general, compared to unsupervised techniques. Discuss, supervised learning including the principle, application, challenges and limitations. Please provide example application area that employs one of the commonly used supervised modeling techniques.

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