In Most Cases, Data- Mining Tools Are Used to Make

question 138

Multiple Choice

In most cases, data- mining tools are used to make:

• A) decisions.
• B) predictions.
• C) solutions.
• D) assessments.

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Definitions:

Demand Occurs

The moment at which consumers are willing and able to purchase a good or service at a given price.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms in the industry are earning only normal profits, with no incentive for entry or exit.

Inferior Good

A good or service whose consumption declines as income rises, prices held constant.

Constant Costs

Costs that remain unchanged regardless of the level of production or activity.