Building a machine learning model follows a systematic pipeline. First, data collection and cleaning — real-world data is messy with missing values, outliers, and errors. Then, feature engineering transforms raw data into informative numerical features. The model is a mathematical function with learnable parameters. The loss function quantifies how wrong the predictions are: Mean Squared Error for regression, Cross-Entropy for classification. The optimizer updates parameters to minimize the loss. Finally, evaluation on a held-out test set measures true generalization performance. The bias-variance tradeoff is fundamental: simple models underfit (high bias), complex models overfit (high variance). The goal is the sweet spot in between.