Describe cluster Analysis and Some of Its Applications

question 15

Essay

Describe cluster analysis and some of its applications.

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Definitions:

Coffee Imports

Refers to the act of bringing coffee into a country from another country for sale or trade.

Percentage of Trend

A calculation that describes the proportional change in a variable or variables over a specified time, often used to analyze patterns or growth over periods.

Percentage of Trend

The measure or calculation that shows the proportional change in a variable or set of variables over a specified period, typically used in analyzing time-series data.

Seasonal Indexes

Factors used to adjust data for seasonality, enabling comparisons across different times of the year by accounting for regular patterns of variation.