Which of the Following Is a Data Mining Technique Based

question 88

Multiple Choice

Which of the following is a data mining technique based on the notion that "birds of a feather flock together?"

• A) lifetime transactional audit
• B) RFM analysis
• C) actionable predicting
• D) patterning
• E) modeling

---

Definitions:

Industry Growth

The increase in the production or sales in a particular industry over a specific period, often driven by factors such as technological advances and increases in demand.

Normal Profits

The required minimum level of profit needed for a company to remain competitive in the market; it is part of the firm's opportunity costs.

Short-run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable, often in a temporal context.

Marginal Cost

The cost of producing one additional unit of a product, which can vary as production scales up or down.