What Groups Similar Attributes Together to Discover Segments or Clusters

question 54

Multiple Choice

What groups similar attributes together to discover segments or clusters, and then examine the attributes and values that define those segments?

• A) Classification
• B) Estimation
• C) Affinity grouping
• D) Clustering

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Definitions:

Regression Analysis Output

The results obtained from regression analysis, showcasing the statistical relationship between independent variables and a dependent variable.

F-Statistic

A statistical value calculated in various tests (e.g., ANOVA) that measures the ratio of variance between groups to the variance within groups, used to determine the significance of certain variables in a model.

P-Value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Cost Behaviour

The study of how specific costs change in relation to changes in a company’s level of activity or volume of production.