Data Mining Is Leveraged by Some Firms to Determine Which

question 34

Multiple Choice

Data mining is leveraged by some firms to determine which products customers buy together, and how an organization can use this information to cross-sell more products or services. This area of application of data mining is referred to as:

• A) market basket analysis.
• B) expert systems.
• C) customer churn.
• D) customer segmentation.
• E) vertical integration.

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Definitions:

Socially Approved Apparel

Clothing that is widely accepted and adheres to the norms, standards, or dress codes of a particular society or group.

Hidden Curriculum

The hidden curriculum refers to the unspoken or implicit values, behaviors, and norms that students learn in school, beyond the formal content of lessons and textbooks.

Preparation

The process of making ready or being made ready for use or consideration, often involving planning and arrangements.

Canadian Economy

The economic system of Canada, characterized by its vast natural resources, well-developed trade networks, and a diverse range of industries.