Which Approach to Data Analytics Attempts to Discover Associations Between

question 51

Multiple Choice

Which approach to data analytics attempts to discover associations between individuals based on transactions involving them?

• A) Classification
• B) Regression
• C) Similarity matching
• D) Co-occurrence grouping

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Definitions:

Prime Cost

The combined direct costs of raw material and labor that are directly associated with the production of a product.

Discretionary Fixed Costs

Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.

Committed Fixed Costs

Expenses that a company has to pay regardless of its level of production or sales, such as leases and long-term contracts, which cannot be easily changed in the short term.

Unit Fixed Cost

The fixed cost associated with producing one unit of a product, which does not vary with the level of production output.