__________ Refers to the Scenario in Which the Analyst Builds

question 38

Multiple Choice

__________ refers to the scenario in which the analyst builds a model that does a great job of explaining the sample of data on which it is based but fails to accurately predict outside the sample data.

• A)Underfitting
• B)Overfitting
• C)Oversampling
• D)Undersampling

---

Definitions:

Units

In a business context, units refer to a measure of quantity, such as items produced, sold, or in inventory, used for operational and financial analyses.

Budgeted Units

Budgeted units refer to the estimated quantity of product a company plans to produce or sell in a certain period.

Production

The process of creating, manufacturing, or assembling goods and services.

January

The first month of the year in the Gregorian calendar.