With Unsupervised Data Mining, Analysts Do Not Create a Model

question 92

True/False

With unsupervised data mining, analysts do not create a model or hypothesis before running the analysis.

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Definitions:

Customer Value

Refers to the perceived worth of a product or service in the eyes of the customer, balancing its benefits against its cost.

Product Orientation

A business philosophy that focuses on the quality and attributes of the product itself rather than customer needs or desires.

Marketing Concept

A business philosophy that emphasizes identifying and meeting the needs and wants of customers as the key to achieving organizational goals.

Production Cycle

The sequence of steps involved in producing a good or service, from the initial concept or design to the final product delivery.