Data Mining Is an Effective Tool in Looking for Patterns

question 21

Multiple Choice

Data mining is an effective tool in looking for patterns in ______.

• A)the world
• B)people
• C)a large data set
• D)the relationship

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Definitions:

Scale Effects

Economic concept that refers to the cost advantages that a business can achieve due to the expansion of its production size.

Market Share Effects

Describes the impact changes in a company's market share have on its competitive position and profitability.

Ethnographies

A qualitative research method involving the systematic study of people and cultures from the insider's perspective, primarily through observation and interviews.

Interviews

A qualitative research method involving direct, face-to-face, or virtual conversation to gather information or opinions.