What Is Classification Analysis

question 55

Multiple Choice

What is classification analysis?

• A) Determination of the values for an unknown continuous variable behavior or estimated future value
• B) Determination of which things go together
• C) Segmentation of a heterogeneous population of more homogeneous subgroups
• D) Assignment of records to one of a predefined set of classes

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Definitions:

New Product Launches

The process of introducing a new product to the market, involving development, marketing strategies, and distribution plans to reach target customers.

Basic Necessities

Essential items needed for survival and basic comforts, typically including food, clothing, and shelter.

Communicate

The act of sharing or exchanging information, ideas, or feelings through speech, writing, or other mediums.