What Is Data Mining

question 81

Multiple Choice

What is data mining?

• A) The common term for the representation of multidimensional information
• B) A particular attribute of information
• C) Use of a variety of techniques to find patterns and relationships in large volumes of information and infer rules from them that predict future behavior and guide decision making
• D) The process of analyzing data to extract information not offered by the raw data alone

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Definitions:

Monthly Interest Rate

The percentage of interest that is charged or earned on a loan or investment over a month's time period.

Credit Policy

A set of guidelines that a company follows to determine credit terms for customers, such as payment period and discount rates.

Discounted Price

Discounted Price refers to a price that has been reduced from the original or listed cost, often to accelerate sale or clearance or as part of promotional offers.

Credit Terms

Credit terms are the payment conditions imposed by suppliers on customers, including the amount of time allowed to pay off the amount due.