Which of the Following Best Describes the Data Reduction Approach

question 31

Multiple Choice

Which of the following best describes the data reduction approach to data analytics?

• A) An attempt to characterize the typical behavior of an individual, group or population by generating summary statistics about the data.
• B) An attempt to predict a relationship between two data items.
• C) An attempt to reduce the amount of information that needs to be considered to focus on the most critical items.
• D) An attempt to discover associations between individuals based on transactions involving them.

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Definitions:

Sale Occurs

The point at which a transaction is recognized, involving the transfer of goods or services from a seller to a buyer for money.

Enterprise

A business or company that engages in commercial, industrial, or professional activities.

Sells Goods

Describes the action or process where a business entity offers physical products to consumers in exchange for payment.

Retailer

A business that sells goods directly to consumers, typically in small quantities.