The Algorithm Is a Classification Scheme That Attempts to Find

question 17

Multiple Choice

The algorithm is a classification scheme that attempts to find records in a database that are similar to one we wish to classify.

• A) linear regression
• B) logistic regression
• C) k-Nearest Neighbors
• D) discriminant analysis

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.

Electricity Consumption

The amount of electrical energy used by households, businesses, and industries over a certain period, typically measured in kilowatt-hours (kWh).

Price Elasticity

A gauge of the extent to which the demand for a certain item is affected by fluctuations in its cost.

Electricity Consumption

The total amount of electric power used by consumers within a specific period.