Neural Networks Are a Supervised Data-Mining Technique

question 51

True/False

Neural networks are a supervised data-mining technique.

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Definitions:

Efficient Use

The allocation of resources in a manner that maximizes the output of goods and services with minimal waste.

Simplifying Assumptions

Simplifying Assumptions are used in economic models to reduce complexity by assuming ideal conditions that may not always reflect real-life scenarios.

Economic Growth

An increase in the economy’s ability to produce goods and services; reflected by an outward shift of the economy’s production possibilities frontier

Unattainable Combinations

refers to product mix scenarios that cannot be achieved with the current resources or technology in economic or production contexts.