Is a Data-Mining Technique Used for Classifying a Set of Observations

question 18

Multiple Choice

is a data-mining technique used for classifying a set of observations into predefined classes.

• A) Logistic regression
• B) k-Nearest Neighbors algorithm
• C) Discriminant analysis
• D) Linear regression

---

Definitions:

Price Ceilings

Price ceilings are regulatory measures that set a maximum price that can be charged for certain goods or services, with the goal of ensuring affordability.

Price Floors

Minimum prices set by the government for certain goods and services, aimed at preventing prices from dropping too low.

Distorted

Refers to a situation where economic actions or outcomes are twisted or skewed due to various factors, such as government intervention or market anomalies.

Rationing

The controlled distribution of scarce resources, goods, or services, often implemented during shortages to ensure equitable distribution among all individuals.