Question: A supplier collected data on 1 2 , 1 4 6 Elance auctions in order to create a model. Elance is a platform for freelance
A supplier collected data on Elance auctions in order to create a model. Elance is a platform for freelance work, where clients post projects and freelancers bid on them. The data collected included information on the client, the project, the freelancer's bid, the freelancer's rating, and the outcome of the project. The supplier used this data to create a model to predict the outcome of future projects. The model was able to accurately predict the outcome of of the projects. Explanation: The supplier collected data on Elance auctions in order to create a model that would predict the outcome of future projects. Elance is a platform for freelance work, where clients post projects and freelancers bid on them. The data collected included information on the client, the project, the freelancer's bid, the freelancer's rating, and the outcome of the project. The supplier used this data to create a model to predict the outcome of future projects. T
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