Module 4: Analytics Theory/Methods 1 - Problem Solving Techniques

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What type of problem does clustering aim to solve?

Grouping items by similarity

Which technique is used to find structure or commonalities in data?

Clustering

What is the primary goal of cluster analysis?

Minimize intra-cluster distances

In K-means clustering, how are items grouped?

Based on similarity

What distinguishes clustering from predictive methods?

It finds similarities and relationships

Which technique is suitable for assigning known labels to objects?

Naïve Bayes

What is the main characteristic of center-based clusters?

Objects in a cluster are closer to the center of that cluster than to any other cluster's center

What does the centroid represent in a cluster?

The average of all points in the cluster

Which distance metric is commonly used in K-means clustering?

Minkowski distance

What is a key requirement for using K-means clustering on data?

The number of clusters (K) must be specified

Why do clusters produced by K-means vary from one run to another?

Because centroids are calculated differently each time

What complexity is associated with K-means clustering?

$O(n * K * I * d)$

Explore different types of problems in analytics and the corresponding techniques used to solve them, such as clustering, association rules, regression, and more. Learn about K-means clustering, Apriori algorithm, linear regression, logistic regression, and other relevant methods.

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