One of the Weaknesses of the K-Means Cluster Analysis Algorithm

question 17

Essay

One of the weaknesses of the K-means cluster analysis algorithm is that the clusters can become empty. Describe how this problem occurs and its effect.

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Definitions:

Burden Of The Tax

The burden of the tax refers to the impact of a tax on the economic welfare of stakeholders, indicating who ultimately bears the cost of the tax.

Elasticity Of Demand

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

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in its price.

Tax Revenue

It's the income that is collected by governments through taxation.