What Is Data Mining

question 34

Multiple Choice

What is data mining?

• A) A particular attribute of information.
• B) A common term for the representation of multidimensional data.
• C) The process of analyzing data to extract of information that is not affected by the raw data alone.
• D) None of the above is correct.

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Definitions:

Price Index

A statistical measurement that tracks changes in the price level of a basket of goods and services over time.

Inventories

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

GDP

The total value of all end products and services created within a country's borders during a certain time frame defines Gross Domestic Product.

Production

The process of creating goods or services by combining labor, capital, and raw materials in order to meet consumer demand.