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:

New Businesses

Entities that have been recently established or founded, entering the marketplace with fresh offerings or services.

Survive

The ability to continue to live or exist, especially in spite of difficult conditions or circumstances.

Five-Year Mark

A significant milestone that denotes a period of five years, often used to evaluate the progress or success of a project, initiative, or business.

Small Businesses

Enterprises with a small number of employees and relatively low volume of sales, often privately owned and operated.