Classification Refers to a Type of Data Mining Problem That

question 79

True/False

Classification refers to a type of data mining problem that uses the information available in a set of independent variables to predict the value of a discrete, or categorical, dependent variable.

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Definitions:

Marginal Cost

The additional expense associated with creating another unit of a product or service.

Total Cost

The aggregate expenditure related to the manufacturing of products or services, which includes both stable and changeable costs.

Variable Inputs

Inputs in production that change in quantity depending on the level of output, such as raw materials and labor.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.