Which Statement Is True of an Association Rule

question 20

Multiple Choice

Which statement is true of an association rule?

• A)It is ultimately judged on how actionable it is and how well it explains the relationship between item sets.
• B)It is a data reduction technique that reduces large information into smaller homogeneous groups.
• C)It uses analytic models to describe the relationship between metrics that drive business performance.
• D)It seeks to classify a categorical outcome into two or more categories.

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Definitions:

Finding Financing

The process of securing funds for business operations, investments, or projects.

Business Plan

A comprehensive document that outlines the objectives, strategies, financial forecasts, and market analysis of a business endeavor.

Demand Forecast

The process of estimating the future demand for products or services in a given market.

Profit Forecast

An estimation of future financial earnings or losses, typically focusing on income and expenses, over a specified period.