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Q1. Give two examples, apart from those given in the slides, for each of the following:
Data mining from the commercial viewpoint
Data mining from the scientific viewpoint
Q2. Differentiate between classification of data and clustering of data with the help of suitable examples.
Q3. Why do we need preprocessing of the data? Explain any 4 data preprocessing techniques.
Q4. Differentiate between correlation analysis and covariance analysis of data with the help of a suitable example not given in the slides.
The depreciation rate is d = 0.05 and the labor force growth rate is n = 0.01. The saving function, in aggregate form, is St = 0.3Yt . Find the steady-state capital-labor ratio, the steady-state value of output per worker, and the steady-state val..
Mylie's total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions, 20 utils after four repetitions, 250 utils after five repetitions, and 2200 utils af..
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a wide variety of tasks. Does it make sense for people with high abilities to go to small firms
Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.
1 an important reason why economies at an early stage of development tend to operate inefficiently isa they tend to be
While climate change science has advanced considerably in recent years, and evidence of increasing atmospheric carbon is demonstrable, there is yet much unknown about the consequences of anthropogenic carbon emissions. For instance, the effect of ..
the amount that they can enjoy in the future Why can't people enjoy more of both How does saving relate to investment and thus to economic growth What role do banks and other financial institutions play in aiding the growth process
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
Economics 442: Macroeconomic Policy - Problem Set 1. Assume G increases by ΔGO, and is completely bond financed (and there are no portfolio effects here). Calculate the government spending multiplier
Choose a nation and an economic concern, such as population, unemployment, etc. Look for the Library and Internet for data sets for the concern that you have chosen.
Let's say, country A and B both consume and produce only food and clothing. Both countries use only labor to create these two products.
The government provides national dental insurance benefits for all U.S. citizens that cover 100% of the cost of all dental services. There are two effects of this policy. First, there will be an increase in the number of consumers of dental servic..
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