Some of the Least Common Statistical Methods Used in Data-Mining

question 17

True/False

Some of the least common statistical methods used in data-mining applications are decision trees, neural networks, and genetic algorithms.

---

Definitions:

Family Farm

A farm owned and operated by a family, typically involving residential family members in its operations.

Barriers To Entry

Factors that make it difficult for new competitors to enter an industry, often protecting existing companies from competition.

Demand Curves

A graphical representation used in economics to show the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Long Run

When all costs become variable costs and firms can enter or leave the industry.