To Identify Patterns Across Transactions, We Can Use

question 43

Multiple Choice

To identify patterns across transactions, we can use

• A)association rules.
• B)complete linkage.
• C)centroid linkage.
• D)k-means.

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Definitions:

Additional Piece

A supplementary item or unit added to those already present or available.

Marginal Benefit Curve

A Marginal Benefit Curve represents the additional benefit that a consumer derives from consuming one more unit of a good or service, often decreasing as consumption increases.

Total Benefit

The total gain received from consuming a good or service, often evaluated in terms of satisfaction or utility.

Profit-Maximizing Principle

The concept that firms operate to achieve the highest profit possible, which involves setting output where marginal costs equal marginal revenues.