What Is Data Mining

question 48

Multiple Choice

What is data mining?

• A) The common term for the representation of multi-dimensional information
• B) A particular attribute of information
• C) Uses a variety of techniques to find patterns and relationships in large volumes of information and infer rules from them that predict future behavioor and guide decision making
• D) Process of analysing data to extract information not offered by the raw data alone

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Definitions:

Cash Deficiency

A situation where the cash available is not sufficient to cover the expenses or liabilities; often results in the need for additional financing or budget adjustments.

Production Budget

A plan that outlines the number of units that must be produced within a period to meet the expected sales and inventory levels.

Units Produced

Units produced quantify the number of complete units manufactured or produced during a specific time frame in a production process.

Budget

An accounting device used to plan and control resources of operational departments and divisions.