In Machine Learning, there are various types of prediction problems based on supervised and unsupervised learning. These are classification, regression, clustering, and association. Here, we will discuss about classification and regression.

Classification: In classification, we try to create a Machine Learning model that assists us in differentiating data into separate categories. The data is labeled and categorized based on the input parameters.

Regression: It is the process of creating a model for distinguishing data into continuous real values, instead of using classes or discrete values. It can also identify the distribution movement depending on the historical data.