Data Preparation, the Third Step in the CRISP-DM Data Mining

question 48

Short Answer

Data preparation, the third step in the CRISP-DM data mining process, is more commonly known as ________.

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Definitions:

Absorption Costing

A costing technique that incorporates the total manufacturing expenses such as direct materials, direct labor, along with both variable and fixed overheads, into the pricing of a product.

Variable Costing

A costing method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overhead - in the cost of a product.

Unit Product Cost

The total cost associated with producing one unit of a product, including direct materials, direct labor, and allocated overhead.

Net Operating Income

A business's income after deducting operating costs, not including taxes or interest.