Unsupervised Data Mining Can Be Used to Recognize ___________Patterns

question 87

Multiple Choice

Unsupervised data mining can be used to recognize ___________patterns.

• A) association, affinity, and sequence
• B) association, extrapolative, and predictive
• C) affinity, predictive, and adjacency
• D) progressive, predictive, and accommodative
• E) affinity, sequence, and predictive

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Definitions:

Price Elasticity of Demand Coefficient

A metric that determines how the demand for a product reacts to adjustments in its price.

Midpoint Formula

A mathematical method used to calculate the average or midpoint of two points on a line, often used in economics to find the elasticity of demand.

Resource Costs

The expenses associated with the acquisition and use of raw materials, labor, and other inputs required for the production of goods or services.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.