What Are the Two Main Objectives Associated with Data Mining

question 37

Multiple Choice

What are the two main objectives associated with data mining?

• A) Uncovering tactics and plans
• B) Uncovering trends and patterns
• C) Uncovering intelligence and unstructured data issues
• D) Uncovering competitors and market advantages

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Definitions:

Nominal Independent Variable

A variable used in statistical analysis that represents categories without a natural order or ranking.

Indicator Variables

Binary variables that represent presence (1) or absence (0) of a characteristic.

Multiple Regression Model

A statistical procedure involving multiple predictor variables to calculate the outcome of a target variable.

Annual Income

The total amount of income earned in one fiscal year before deductions.