Bridget Has Partitioned Data into Two Subsets

question 1

Multiple Choice

Bridget has partitioned data into two subsets.The original file contains 300,000 observations.The subset she is currently working with has 60,000 observations.Which subset is she most likely to be using?

• A)The training set
• B)The original set
• C)The testing set
• D)The prediction set

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Definitions:

Cash Basis

An accounting method where revenue and expenses are recognized only when cash is received or paid.

Revenues

The total amount of money received by a company from its business activities, such as sales of products or services, before any deductions.

Revenue Recognition Principle

An accounting principle that determines the specific conditions under which revenue is recognized and recorded.

Unearned Revenues

Money received by a company for a service or product that has yet to be delivered or provided.