Text Analytics Analyzes Unstructured Data to Find Trends and Patterns

question 60

True/False

Text analytics analyzes unstructured data to find trends and patterns in words and sentences. Text mining a firm's customer support email might identify which customer service representative is best able to handle the question, allowing the system to forward it to the right person.

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Definitions:

Rental Cost

The price paid for the temporary use of a good, service, or property owned by another party.

Optimal Combination

An optimal combination refers to the selection of goods, services, or inputs that provides the highest satisfaction or return for a given cost or the lowest cost for a given level of satisfaction or output.

Inputs

Inputs are the resources used in the production process to produce goods or services, including labor, capital, materials, and energy.

Capital Intensive

A description of industries or businesses that require large investments in capital assets to produce goods or services.