Each Observation Is Treated as Its Own Cluster at the Beginning

question 99

True/False

Each observation is treated as its own cluster at the beginning in k-means clustering.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specific time period.

Interest Rate

The percentage of a loan amount charged by a lender to a borrower for the use of assets, which can vary based on factors like inflation, the time value of money, and the risk involved.

Loanable Funds

The market where savers supply funds to borrowers, typically through financial intermediaries.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price, during a certain time period.