In the ________ Step of Data Mining, a Researcher Attempts

question 19

Multiple Choice

In the ________ step of data mining, a researcher attempts to form logical groupings of data in the set

• A) classification
• B) prediction
• C) categorization
• D) association/segmentation

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Definitions:

Long-Term Customer Retention Rate

A measurement of how well a company can retain its customers over an extended period, indicating customer loyalty and satisfaction.

Customer Recommendations

Suggestions or advice given by consumers about a product, service, or company based on their personal experience or satisfaction.

Share-Of-Wallet

A marketing term referring to the amount of the customer's total spending that a business captures in the products and services that it offers.

Production Costs

The total expenses incurred in the manufacturing of a product, including materials, labor, and overhead.