Data Mining Applications Are Used Accomplish Which of the Following

question 10

Multiple Choice

Data mining applications are used accomplish which of the following tasks?

• A)Perform what-if analysis
• B)Make predications
• C)Facilitate decision making
• D)Both A and B
• E)All of the above

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Definitions:

Claret

A term often used in British English to refer to red Bordeaux wine.

Utility Function

A mathematical representation of how different goods or bundles of goods provide satisfaction or utility to a consumer.

Substitution Effect

The change in the consumption of goods as a result of a change in their relative prices, holding the consumer's utility level constant.

Income

The financial gain received by an individual or business, typically expressed as a total earnings or profit.