The Data Preparation Technique Used in Market Segmentation to Divide

question 10

Multiple Choice

The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is called

• A)data visualization.
• B)cluster analysis.
• C)market analysis.
• D)supervised learning.

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Definitions:

Posterior Probabilities

Probabilities that are updated as more evidence or information becomes available, commonly used in Bayesian statistics.

Additional Information

This term refers to supplementary data or context provided beyond the primary content, enhancing understanding or analysis.

Posterior Probabilities

The revised probabilities of potential outcomes after taking into account new evidence or information.

Prior Probabilities

Probabilities that are known or assumed before new evidence is introduced, often used in Bayesian inference to update the probability based on new data.