Homework Help: Questions and Answers: A software company wants to develop new applications that customers will enjoy. They use an algorithm to monitor current trends and gain business intelligence about customer buying patterns. Which data problem type does this scenario describe?
a) Categorizing things
b) Spotting something unusual
c) Discovering connections
d) Making predictions
Answer
First, let’s understand what the company is doing: They want to develop new applications using an algorithm to monitor current trends to gain business intelligence about customer buying patterns.
The scenario describes a prediction problem because the software company is trying to anticipate future customer buying patterns based on current trends.
Now, lets analysis given options to determine correct answer (option).
Given Options: Step-by-Step Answering:
a) Categorizing things
- This is about grouping data into categories, but the scenario does not focus on classification.
b) Spotting something unusual
- This refers to anomaly detection, which isn’t the company’s goal in this context.
c) Discovering connections
- This involves finding relationships between variables, but the scenario emphasizes anticipating future behavior rather than exploring connections.
d) Making predictions
- The company wants to anticipate future customer actions based on trends, which aligns with the definition of making predictions.
Final Answer:
Based on the above analysis, the correct answer is:
d) Making predictions.
The company is using current data (trends and buying patterns) to inform future decisions (developing new applications). This aligns most closely with option d) Making predictions.
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