Using Science,statistics,and Computer Coding to Make Predictions Based on Patterns

question 124

Multiple Choice

Using science,statistics,and computer coding to make predictions based on patterns discovered in data is the idea behind

• A)machine learning.
• B)predictive modeling.
• C)competitive intelligence.
• D)demand analysis.
• E)ethnographic research.

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Definitions:

Risk-neutral

An attitude towards risk where an individual values all outcomes equally without preference for risk.

Risk-loving

A preference or inclination to undertake investment with uncertain outcomes, often with the potential for significant gains.

Utility

A measure of satisfaction, usefulness, or value that a consumer derives from consuming a good or service.

Decreasing Rate

A situation or condition in which the rate at which something occurs or is processed diminishes over time.