In Supervised Data Mining,statistical Techniques Are Used to Estimate the Parameters

question 53

True/False

In supervised data mining,statistical techniques are used to estimate the parameters of the model.

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Definitions:

Creditor

A creditor is an entity (person or institution) that lends money or extends credit to another entity, expecting repayment in the future.

Contingent Liability

A possible monetary liability that could arise based on the result of an upcoming event.

Estimable

Capable of being estimated or approximated in quantity or degree.

Remote Event

An event or condition with a very low chance of occurring, often considered insignificant in financial forecasting and analysis.