In ________, Statistical Techniques Can Identify Groups of Entities That

question 41

Multiple Choice

In ________, statistical techniques can identify groups of entities that have similar characteristics.

• A)regression analysis
• B)cluster analysis
• C)supervised data mining
• D)neural networks

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Definitions:

Management Information System

A system integrating software and hardware designed to provide managers with information to support strategic decision-making.

Customer Buying Patterns

The behaviors and trends displayed by consumers when making purchasing decisions, including factors like frequency, timing, and preferences.

PowerPoint

A presentation program developed by Microsoft, used to create slideshows composed of text, graphics, and other objects, which can be displayed on-screen and navigated through by the presenter.

Podcasts

Digital audio or video files available for streaming or download, usually part of a series, which can cover a wide range of topics.