In the K-Nearest Neighbors Method, When the Value of K

question 35

Multiple Choice

In the k-nearest neighbors method, when the value of k is set to 1

• A)the classification or prediction of a new observation is based solely on the single most similar observation from the training set.
• B)the new observation's class is naïvely assigned to the most common class in the training set.
• C)the new observation's prediction is used to estimate the anticipated error rate on future data over the entire training set.
• D)the classification or prediction of a new observation is subject to the smallest possible classification error.

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Definitions:

Inventory Control System

A system used by businesses to manage their inventory levels, ensuring they have the right products in the right quantity for sale, at the right time.

Inventory Period

The average time it takes for a company to convert its inventory into sales.

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business.