The Goal of the _____ Phase of Data Mining Is

question 54

Multiple Choice

The goal of the _____ phase of data mining is to identify common data characteristics or patterns.

• A)data preparation
• B)data analysis and classification
• C)knowledge acquisition
• D)prognosis

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Definitions:

Competitive Industry

An economic sector characterized by a large number of firms that compete with each other to sell similar products or services, leading to efficiency and innovation.

Price

The cost anticipated, necessary, or paid out in return for acquiring something.

Long-Run Price

The price level at which economic forces such as supply and demand are balanced over a longer time frame, considering all inputs are variable.

Output

The amount of goods or services produced by a business, industry, or economy within a given period.