Hot Spot Analysis Is Used To

question 12

Multiple Choice

Hot spot analysis is used to:

• A) Determine spatial clusters of high values and low values
• B) Find the most "suitable" sites as the solution to a spatial analysis problem
• C) Determine whether or not point values are clustered together
• D) Find the values that recur the most often (are the "hot" values) in a dataset

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Marginal Cost

The additional expense involved in making or acquiring one more unit of a product or service.

Downstream Division

The part of a company or industry involved in the later stages of the production process, including distribution and retail.

Transfer Price

The price at which goods and services are sold between divisions within the same company, often used for budgetary and accounting purposes.