Question 1

Explain how data-mining using lagging and leading measures of the cause-and-effect model can help managers make business decisions.

Accepted Answer

Managers are always interested in result

Question 2

The strength of the association rule, known as lift, is calculated as the ratio of the .

Accepted Answer

A)  sum of the antecedents and the consequents to the antecedents 
B)  antecedents to the consequents 
C)  support to the confidence level 
D)  confidence to expected confidence 
A)  sum of the antecedents and the consequents to the antecedents 
B)  antecedents to the consequents 
C)  support to the confidence level 
D)  confidence to expected confidence

Question 3

Which of the following is a definition of distance between two clusters in a complete linkage clustering?

Accepted Answer

A)  the average of distances between all pairs of objects, where each pair is made up of one object from each group 
B)  the distance between the most distant pair of objects, one from each group 
C)  the sum of squares of the distance between clusters 
D)  the distance between the value of the shortest link between the clusters 
A)  the average of distances between all pairs of objects, where each pair is made up of one object from each group 
B)  the distance between the most distant pair of objects, one from each group 
C)  the sum of squares of the distance between clusters 
D)  the distance between the value of the shortest link between the clusters

Explain how data-mining using lagging and leading measures of the cause-and-effect model can help managers make business decisions.

The strength of the association rule, known as lift, is calculated as the ratio of the .

Which of the following is a definition of distance between two clusters in a complete linkage clustering?

Introduction to Labour Market Economics

Database Analytics

Data Visualization

Descriptive Statistics

Probability Distributions and Data Modeling

Sampling and Estimation

Statistical Inference

Trendlines and Regression Analysis

Forecasting Techniques

Spreadsheet Modeling and Analysis

Simulation and Risk Analysis

Linear Optimization

Integer and Nonlinear Optimization Models

Optimization Analytics

Decision Analysis

Filters

Exam 10: Introduction to Data Mining

Explain how data-mining using lagging and leading measures of the cause-and-effect model can help managers make business decisions.

The strength of the association rule, known as lift, is calculated as the ratio of the .

Which of the following is a definition of distance between two clusters in a complete linkage clustering?

Introduction to Labour Market Economics

Database Analytics

Data Visualization

Descriptive Statistics

Probability Distributions and Data Modeling

Sampling and Estimation

Statistical Inference

Trendlines and Regression Analysis

Forecasting Techniques

Spreadsheet Modeling and Analysis

Simulation and Risk Analysis

Linear Optimization

Integer and Nonlinear Optimization Models

Optimization Analytics

Decision Analysis

Filters