________ Measure(s) the Impact of a Set of Variables on Another

question 65

Multiple Choice

________ measure(s) the impact of a set of variables on another variable.

• A) Supervised data mining
• B) Regression analysis
• C) Unsupervised data mining
• D) Neural networks
• E) Cluster analysis

---

Definitions:

Elastic

Describes a situation where a change in one variable, such as price, leads to a significant change in another variable, such as demand.

Price Elasticity of Demand

An indicator of consumer sensitivity to price fluctuations, represented by the degree to which the demand for a product varies in response to alterations in its price.

Absolute Value

The distance of a number from zero on a number line, without considering its direction; always a positive number or zero.

Cookies

Small files stored on a user's computer or device by a website, containing data about the user's browsing activities.