Commercial Bank vs Merchant Bank – Difference and Comparison

What is a commercial bank? A commercial bank is a sort of financial institution that receives deposits, provides checking account services, makes loans, and offers basic monetary products such as certificates of deposit and savings accounts. They may receive special treatment from funding banks and insurance companies, although the lines among those types of economic …

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Classification vs Tabulation – Difference and Comparison

What is Classification? Classification is the arrangement of data into subgroups or classes. Classification is the arrangement of items into groups according to certain characteristics. Although, it is very difficult to categorize new observations during the process of machine learning and statistics that uses a training set of data, such data consists of observations whose …

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