In ________, Data Miners Develop a Model Prior to the Analysis

question 52

Multiple Choice

In ________, data miners develop a model prior to the analysis and apply statistical techniques to data to estimate parameters of the model.

• A)cluster analysis
• B)unsupervised data mining
• C)supervised data mining
• D)click streaming

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Definitions:

Expansionary Gap

A situation where the actual output in an economy exceeds the potential output, often leading to inflation.

Cost-Push Inflation

Cost-push inflation is caused by an increase in the prices of production inputs like labour and raw materials, leading to decreased supply and increased cost of finished goods.

Potential Output

This refers to the maximum output an economy can produce without leading to inflation, assuming all resources are fully utilized.

Actual Price Level

The Actual Price Level refers to the current general level of prices for goods and services in the economy at a specific point in time.