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Questions and Answers
Which step should be taken first in data analytics?
Which step should be taken first in data analytics?
- Investigating the relationship between X and y
- Obtaining a deeper understanding of the past (correct)
- Forecasting the future
- Selecting from a large collection of variables
What is the purpose of distinguishing between the signal and the noise?
What is the purpose of distinguishing between the signal and the noise?
- To understand the past
- To forecast the future (correct)
- To identify the underlying variables
- To collect auction data
How does Lego behave in terms of its value?
How does Lego behave in terms of its value?
- It loses value with age
- It behaves like a commodity (correct)
- Its value is determined by the data generating process
- Its price is attached to its weight
What can be used to collect auction data for Lego?
What can be used to collect auction data for Lego?
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When will forecasting the future work in practice?
When will forecasting the future work in practice?
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