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:

Credit Terms

The conditions under which a seller extends credit to a buyer, including the repayment period and any discount for early payment.

Inventory

The complete list of items such as goods, property, and raw materials a company holds for the purpose of resale or repair.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed by the buyer to the seller, typically due to a return or an overcharge.

Gross Profit

Revenue minus the cost of goods sold (COGS), representing the profit a company makes after deducting the costs associated with making and selling its products.