What Is Data Mining

question 185

Multiple Choice

What is data mining?

• A)The common term for the representation of multidimensional information
• B)A particular attribute of information
• C)A variety of techniques to find patterns and relationships in large volumes of information and infer rules from them that predict future behavior and guide decision making
• D)Process of analyzing data to extract information not offered by the raw data alone

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Definitions:

Decrease in Demand

A situation where consumers are willing and able to purchase less of a good or service at any given price, often reflected in a leftward shift of the demand curve.

Decrease in Price

A reduction in the cost of a good or service, often resulting in increased demand or consumption.

Decrease in Supply

A reduction in the total amount of a given good or service that is available to consumers, often leading to higher prices.

Demand for Movies

The desire or preference of consumers to watch movies, which can be influenced by factors such as price, quality, and accessibility.