Question: Discuss what measurement scales used in data analytic models and give examples. What are the differences between prescriptive and descriptive data mining methods and give

Discuss what measurement scales used in data analytic models and give examples.
What are the differences between prescriptive and descriptive data mining methods and give examples?
Explain at least one data sampling technique and give example.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Measurement Scales in Data Analytics Nominal Scale Represents categories with no inherent order or ranking Examples include gender male female colors ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

The Stone River Textile Mill was inspected by OSHA and found to be in violation of a number of safety regulations. The OSHA inspectors ordered the mill to alter some existing machinery to make it...

Consider the following context-free grammar of expressions E ::= n | (E, E) where n ranges over integers. (a) Present a right-most derivation of the expression ((21, 18), 17). [2 marks] (b) List the...

Dissertation Topic: "The Effects of Cybersecurity Measures on the Productivity and Well-being of Teleworkers in the Healthcare Industry". Introduction Draft no more than TWO paragraphs here -...

Q1. You have identified a market opportunity for home media players that would cater for older members of the population. Many older people have difficulty in understanding the operating principles...

This week, our focus is on quantitative techniques and how they are used to build analytic models. Please respond to the questions and statements below. Remember to add any research you do or...

Managing Service Quality: An International Journal Service quality in automated teller machines: an empirical investigation Bedman Narteh Article information: Downloaded by QATAR UNIVERSITY At 22:38...

Performance Appraisal: Measurement, Assessment, and Management Chapter 7 Radius Images/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Use a...

Topic :" the impact of covid 19 through business sector: the impact of strategy in company after the pandemic covid 19" DO PROBLEM STATEMENT ABOUT "IMPACT OF COVID-19 to ENTREPRENEURSHIP " FORMAT FOR...

software projects failed. In the run-up to Y2K, most of the world's large companies claimed that fixing the Millennium Bug was a large project whose success was critical to their survival. One would...

I need to see the SPSS output. You need to have all z-scores, all charts, all descriptives data from SPSS, everything you used to answer the questions. I am sending you what the previous tutor sent...

Create four language guidelines: two for Spanish and two for English, each with a descriptive and required component. This chapter is a brief introduction to modern linguistics and to topics that...

Bill Notification System Description: The main aim of this project is to implement bill notification system, which alerts the user to pay the bill based on its due date. There are three modules in...

AgriFoods will release new candy products. New equipment to manufacture the candy. will cost $4 million, which will be depreciated by straight-line depreciation over six years. In addition, there...

Multiple Choice 1 point Which of the following is NOT a challenge faced by managers? Innovation Globalization Employee turnover Strategic positioning

Should taxpayers sponsor attorneys (i.e., public defenders) for undocumented immigrants? How about access to health care for undocumented children? Would you give different answers to these two...

Using your own words, explain the meaning of supply chain management (SCM), and why some organizations see SCM as valuable.

Using your own words, explain three (3) world arguments for birth control and two (2) world arguments against birth control. Give original examples (not in the textbook) or further clarification of...

When a bill is entered using the Enter Bills window, QuickBooks records a journal entry that: Debits Checking account, Credits Expense account Credits Expense account, Debits Checking account Debits...

Determine if each statement is true or false. Statement 1 : The Rule of One - Eighth argues that approximately 1 / 8 th of organizations will deal with a legality - issue in their first few years of...

Describe the organizational structure that results from each of the different bases of departmentalization. What implications does each of these structures have with regard to the distribution of...

The U.S. automotive industry is well established, with several large and many small competitors. Describe the unexploited niches in the U.S. auto industry and tell how entrepreneurs could offer...

If you use Facebook (or any other social networking site), which of its features are most attractive to you? If you dont use any social networking site, what features are most likely to cause you to...

Refer to the Real Estate data, which report information on homes sold in the Goodyear, Arizona, area during the last year. a. Develop a 95% confidence interval for the mean selling price of the...

The mean amount purchased by a typical customer at Churchills Grocery Store is $23.50, with a standard deviation of $5.00. Assume the distribution of amounts purchased follows the normal...

The Appliance Center has six sales representatives at its North Jacksonville outlet. Listed below is the number of refrigerators sold by each last month. a. How many samples of size 2 are possible?...