What is a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste?
A) prediction
B) optimization
C) forecasting
D) regression
Correct Answer:
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Q319: Which of the following is a problem
Q320: Which of the following is a problem
Q321: What is regression?
A)a statement about what will
Q322: What is optimization?
A)a statement about what will
Q323: What is another term for data that
Q325: What determines which things go together?
A)classification
B)estimation
C)affinity grouping
D)clustering
Q326: What is a statistical process for estimating
Q327: What are forecasts?
A)a statement about what will
Q328: What are predictions based on time-series information?
A)prediction
B)optimization
C)forecasting
D)regression
Q329: What is affinity grouping?
A)determines values for an
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