The Complete Python Course - What Are Variables in Python?

The video tutorial explains the concept of variables in Python, highlighting that they are reserved memory locations used to store data values. Unlike Java, Python is dynamically typed, meaning you don't need to specify data types like int or float when creating variables. The tutorial emphasizes that variables act as containers for data and demonstrates how to create them in Python without specifying types.

Describe the process of assigning a value to a variable in Python.

Why is there no need to specify data types like int or float when creating variables in Python?