Cluster analysis is defined as _______.
A)the process of discovering groups (termed clusters in data science) of similar items in a set of data; items in the same group are similar, while items in different groups are not as similar.
B)the process of discovering individual pieces of similar items in a set of data; items in the same group are similar, while items in different groups are not as similar.
C)analyzing management techniques and administrative policies simultaneously
D)determining which package of audit services can be sold to a client at the best possible price

Question

Quizplus · Accepted Answer

Cluster analysis involves identifying groups of similar items in a set of data, with the goal of grouping items that are similar to each other and different from items in other groups. This technique is often used in data science, machine learning, and marketing research to gain insights into patterns and trends within large datasets. Options B, C, and D are incorrect as they do not accurately describe cluster analysis.

Cluster Analysis Is Defined as _______