Classification Problems Are Distinguished from Estimation Problems in That

question 3

Multiple Choice

Classification problems are distinguished from estimation problems in that

• A) classification problems require the output attribute to be numeric.
• B) classification problems require the output attribute to be categorical.
• C) classification problems do not allow an output attribute.
• D) classification problems are designed to predict future outcome.

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Definitions:

Interest-Bearing Note

A debt instrument that pays interest at a predetermined rate to the holder, typically issued in exchange for a loan or credit extended to the borrower.

Maturity Value

The amount that is due at the maturity or due date of a note.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Allowance Method

An accounting technique that estimates and sets aside a portion of accounts receivable which may not be collectible.