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

Question

Quizplus · Accepted Answer

Cluster analysis is the statistical technique used to identify groups of entities that have similar characteristics. It involves grouping data points, such as customers or products, into clusters based on their features or attributes. This technique is commonly used in market segmentation or customer profiling, where businesses aim to identify groups of customers with similar needs and preferences for targeted marketing campaigns.

With ________,Statistical Techniques Identify Groups of Entities That Have Similar