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In this YouTube video tutorial, the speaker discusses classification and prediction in data mining. They explain what classification is and how it is done, including the steps involved. Prediction is also covered, with details on how it is carried out. The video provides examples to help understand these concepts. The speaker also introduces their new channel focused on study abroad content. Classification involves finding a model to predict the class of objects with unknown labels. For instance, not knowing which category a milk packet belongs to in a supermarket.