Which of the Following Popular Data Mining Techniques Require Special

question 26

Multiple Choice

Which of the following popular data mining techniques require special software?

• A) Decision tree analysis
• B) Logistic regression analysis
• C) Neural networks
• D) Both A and B
• E) A, B and C

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Definitions:

Marginal Costs

The cost added by producing one additional unit of a product, reflecting the variable costs involved in production.

Economic Rationality

The assumption that individuals make decisions based on maximizing utility or profit within constraints, following a logical and efficient approach.

Marginal Utility

The change in satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.