The Process of Searching Huge Amounts of Data Seeking a Pattern

question 52

Multiple Choice

The process of searching huge amounts of data seeking a pattern, is called data ________.

• A)mining
• B)scaling
• C)warehousing
• D)diving

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Definitions:

Perfectly Competitive

A market structure where many firms offer a homogeneous product, and no single buyer or seller can influence the market price.

Market Demand Curve

A graph representing the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Perfectly Competitive Industry

A market structure characterized by many small firms, homogeneous products, and free entry and exit, leading to price takers.

Market Demand Curve

A graphical representation showing the quantity of a good or service buyers are willing to purchase at various prices.