Before Effectively Applying the K Nearest Neighbor Classification Technique, the Variables

question 71

Multiple Choice

Before effectively applying the k nearest neighbor classification technique, the variables need to be

• A) standardized
• B) normalized
• C) randomized
• D) trimmed

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Definitions:

Subsidy

A financial contribution granted by a government or another entity to support an industry, business, or individual, usually intended to keep prices low, support an essential service, or encourage activities beneficial to the public interest.

Tariff

A tax imposed on imported goods to either raise state revenue or protect domestic industries from foreign competition.

Quota

A government-imposed limit on the amount or value of goods that can be imported or exported during a specified time period, often used to protect domestic industries.

Factor Endowments

The quantity and quality of labor, land, and capital that a country possesses and can utilize for manufacturing.