When examining the analytic application of market basket analysis, what customer is buying what product at what location business is the question not being asked?
These tools provide insight into expected future outcomes. Predictions are based on descriptive data, but with additional predictions using data science and algorithms, often using multiple data sets.
Structured problems occur only in isolated cases. This assumption in regression analysis indicates that the market basket relationship between the response and explanatory variables is linear.
A market basket is a selected combination of goods and services that tracks the performance of a particular market or segment.
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Answer:
European powers and Arab traders gain wealth from Southeast Asia through taking advantage of their colonial rule in the region. This made them control the people and resources such as rubber, precious stones, ivory and animal skins etc. This made those precious materials readily available to them at little or no cost. The products were then sold to other countries to make more money or taken to their home country for use.
Forests resources such as timber were also controlled by the colonial masters which was also exported and used to make a variety of products.
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