An Application of Data Mining Is ________

question 77

Multiple Choice

An application of data mining is ________.

• A) pilferage control
• B) sales forecasting
• C) micromarketing
• D) mass marketing

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers at a given price level and time.

Elastic

Describing a situation where the demand or supply for a good or service is sensitive to changes in price.

Supply of Cars

The total number of cars that manufacturers are willing and able to sell at a given price level in a given period.

Time Interval

A specific duration of time between two points or events.