What Are the Five Basic Elements of Data Mining

question 17

Multiple Choice

What are the five basic elements of data mining?

• A) Predictive, descriptive, viewpoint, aspect, model
• B) Descriptive, viewpoint, model, aspect
• C) Descriptive, viewpoint, predictive, aspect, decision model
• D) Viewpoint, aspect, descriptive, decision model

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Definitions:

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset over a specified period as per a lease agreement.

Marginal Tax Rates

The tax rate applicable to the last dollar of income earned, reflecting the percentage of tax applied to your income for each tax bracket in which you qualify.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life.

Net Advantage to Leasing

This refers to the total financial benefits that a company might gain from leasing assets rather than purchasing them outright, taking into account tax advantages, cash flow, and risk factors.