Examlex
Data mining approaches decision making with these different activities in mind:
Positive Economic Statement
A statement that can be proved or disproved by reference to facts.
Normative Economic Statement
A subjective statement that expresses an opinion or a value judgment about what ought to be, rather than what is.
Can Be Verified
Indicates that a certain piece of information, claim, or data can be checked and confirmed for accuracy or truthfulness.
Positive Economic Statement
An objective statement based on empirical evidence that describes the world as it is. These statements can be tested and validated through observation.
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