Using a Rank Score to Evaluate the Strength of Classification

question 11

Multiple Choice

Using a rank score to evaluate the strength of classification is referred to as ________ and is an example of ________ analytics.

• A) regression; prescriptive
• B) regression; predictive
• C) probability; prescriptive
• D) probability; predictive

---

Definitions:

Compounding

The process whereby interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded, with price on the vertical axis and quantity on the horizontal axis.

Loanable Funds

The money available for borrowing in the financial markets, determined by savings and investments.

Savers

Individuals or entities that set aside a portion of current income for future use, often by depositing money in savings accounts or investing in securities.