Random Occurrences in Data Mining Results Can Be Detected by Dividing

question 75

True/False

Random occurrences in data mining results can be detected by dividing the data and building a model with one portion and using another portion to verify the results.

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Definitions:

Busy Times

Periods where demand for products or services significantly exceeds the usual levels, often leading to strain on resources.

Differential Pricing

The strategy of selling the same product to different customers at different prices based on market factors or customer characteristics.

Hotels

Establishments that provide paid lodging on a short-term basis, offering a variety of amenities, which may include food services, event facilities, and recreational activities.

Peak Periods

Peak periods refer to times of heightened demand or activity within a business or market, often leading to increased sales, higher operational intensity, and the need for strategic planning to meet consumer needs.