In the ________ Step of Data Mining, a Researcher Attempts

question 19

Multiple Choice

In the ________ step of data mining, a researcher attempts to form logical groupings of data in the set

• A) classification
• B) prediction
• C) categorization
• D) association/segmentation

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Definitions:

Deadweight Loss

Deadweight loss is an economic inefficiency that arises when a market outcome is not optimal, resulting in a loss of total surplus due to factors like taxes or monopolies.

Supply

The total amount of a product or service that is available for purchase at any given time.

Elastic

Describing a situation in economics where the demand or supply for a good or service significantly changes in response to changes in price.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of goods or activities.