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Text Analytics Analyzes Unstructured Data to Find Trends and Patterns

question 60

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Text analytics analyzes unstructured data to find trends and patterns in words and sentences. Text mining a firm's customer support email might identify which customer service representative is best able to handle the question, allowing the system to forward it to the right person.


Definitions:

New Classical View

An economic theory that emphasizes the importance of supply-side factors, rational expectations, and market-clearing prices.

Fiscal Policy

Government adjustment of its spending levels and tax rates to monitor and influence a nation's economy.

Government Spending

The total amount of public sector expenditure, including spending on infrastructure, healthcare, education, and defense by the government.

GDP

Gross Domestic Product, the total market value of all finished goods and services produced within a country in a given period.

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