The Process of Reducing the Number of Variables to Consider

question 7

Multiple Choice

The process of reducing the number of variables to consider in a data-mining approach without losing any crucial information is termed as _____.

• A) dimension reduction
• B) data sampling
• C) data reduction
• D) aggregation

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Definitions:

John Stuart Mill

A British philosopher and economist known for his contributions to utilitarianism and political economy.

Utilitarian Justice

A concept in ethics focusing on the greatest good for the greatest number of people as the criterion of justice.

Rawlsian Justice

A theory of justice that emphasizes fairness as the most important aspect of an ethical society, often associated with the "veil of ignorance" thought experiment.

Risk Averse

A term describing individuals or entities that prefer to avoid risks, often opting for the option with the most predictable outcome.