Which of the Following Is Included in the Data Mining

question 9

Multiple Choice

Which of the following is included in the data mining approach of Cluster Analysis?

• A) analyzing data to predict how to classify a new data element
• B) identifying groups in which the elements of the groups are in some way similar
• C) creating rules for target marketing based on association of variables
• D) developing analytic models to describe the relationship between metrics

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic activity.

Terms of Trade

The ratio at which a country can exchange exports for imports; it reflects the value of a country's exports relative to its imports.

Production Possibilities Curves

A graphical representation that shows the maximum number of goods or services that can be produced with limited resources.

Constant Costs

Costs that do not change with the level of output production, remaining stable over a certain range of production.