With ________, statistical techniques can identify groups of entities that have similar characteristics.
A) regression analysis
B) cluster analysis
C) expert systems
D) neural networks

Question

Quizplus · Accepted Answer

Cluster analysis is a statistical technique used to identify groups of entities that share similar characteristics. It is commonly used in market segmentation, customer profiling, and data mining to gain insights into patterns and relationships within large datasets. Regression analysis, expert systems, and neural networks are all different types of analytical tools, but they do not specifically focus on identifying groups of entities based on similar characteristics.

With ________, Statistical Techniques Can Identify Groups of Entities That