Answer:
The data-mining technique that creates a report or visual representation is summarization.
Explanation:
The business world has changed drastically over the years in terms of marketing and service delivery because of growth in technology. The use of machines and internet has caused a greater need for access and analysis of information in such a way that can make a business thrive in the market. This means that most businesses have to look into better data-mining techniques that can assist them in the competitive business environment.
The different data mining techniques include; association-rule learning, classification, summarization and regression. They are explained further as follows:
1. Association-rule learning: this is a machine learning technique that discovers a relationship between large databases using the concept of strong rules.
2. Classification: this technique finds similarities in features of two or more data sets and groups them into the same category.
3. Regression: this is a predictive technique that is used to identify and analyse the likelihood of a specific variable.
4. Summarization: this technique takes the results from the data and puts it in a way that it is short and understandable by most people. It usually involves the use of tables and other data summarization software like Excel sheets to represent the data in a way that conclusions can easily be drawn. Data summarization is important especially in the digital world where large amounts of data are available for analysis and transfer. This technique helps in breaking down huge data into short comprehensible reports that can easily be used for quick decision making.
Answer:
This is an example of shoe-leather costs of inflation.
Explanation:
In this case, local currency looses its value so quickly that <u>Lorenzo is doing a great efford to mantain the value of his work.</u> Then we can refer to shoe-leather cost of inflation, which is related to cost of time and effort that Lorenzo spend trying to avoid the lost of purchaising power.
<span>The situation should be handled by speaking in a calm, yet firm tone of voice. The customer should be told the rates for rooms at the hotel, as well as any charges that may occur for cancelling. If the customer still isn't satisfied, she should be transferred to the manager for further explanation.</span>
Answer:
Local incentive
Explanation:
Local incentives can be described as economic development incentives like cash and near cash assistance that are provided by the government of a country or state in order to retain current businesses and also to attract new businesses.
These incentives are usually in for of tax breaks, training of workers, infrastructural development, etc.
In the question, Georgia state spending of $24 million to purchase the property and an additional $36 million to prepare the site specifically for DaimlerChrysler are examples of local incentive offered to DaimlerChrysler.
Therefore, the correct answer to fill in the gap is local incentive, we have:
The <u>Local incentive</u> offered was not enough to convince DaimlerChrysler that the Georgia site was a good location for its factory.
Answer:
overstate.
Explanation:
An unchanging basket of goods assumes that consumers are restricted from purchasing exactly the corresponding goods, without caring for changes of the price which are not a very likely hypothesis. <u><em>The result of substitution bias is that the increase in the price of a fixed basket of goods over time tends to</em></u> overstate the rise in the true cost of living of the consumer because it does not take into consideration that the person can substitute away from goods whose corresponding prices have increased.
