Point out the correct statement.
A. A standard error is needed to create a prediction interval
B. The prediction interval must incorporate the variability in the data around the line
C. Investors use the residual variance to measure the accuracy of their predictions on the value of an asset
D. All of the mentioned
Answer: Option D
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A. Chi-squared test
B. T-test
C. ANOVA
D. Regression analysis
In the context of data ethics, what does "bias mitigation" refer to?
A. Increasing the sample size
B. Improving model accuracy
C. Removing outliers from a dataset
D. Reducing biases in data collection
What does the term "overfitting" mean in machine learning?
A. The model fits the training data too closely and performs poorly on new data
B. The model generalizes well to new data
C. The model is too simple and underperforms on the training data
D. The model is perfectly accurate on all data
In the CRISP-DM data mining process model, what does "DM" stand for?
A. Data Modeling
B. Data Mining
C. Data Manipulation
D. None of the above
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