12/06/2025, 09:34 Introduction to Modeling and Analysis of Stochastic Systems Second Edition EXAM COMPREHENSIVE QUESTIONS AND VERIF…
Introduction to Modeling and Analysis of
Stochastic Systems Second Edition EXAM
COMPREHENSIVE QUESTIONS AND VERIFIED
ANSWERS (2025) ALREADY GRADED A+
Save
Terms in this set (83)
Classification
Modelling objectives are Segmentation
Association
---- Predict a target field, classification
using one or more
predictors
----Discover groups of Segmentation
records with similar values
or patterns.
Segmentation is also clustering
termed----
----- is Looking for Association
relationships between
fields
https://quizlet.com/1053673215/introduction-to-modeling-and-analysis-of-stochastic-systems-second-edition-exam-comprehensive-questions-and-veri… 1/11
, 12/06/2025, 09:34 Introduction to Modeling and Analysis of Stochastic Systems Second Edition EXAM COMPREHENSIVE QUESTIONS AND VERIF…
Telco. Predict if a Classification
customer churns, service
usage data can be used to
predict
which customers are liable
to transfer to another
provider.
• Banking. Predict if a
customer fails on paying
back a loan; possible
predictors
are age, sex, and income
are examples of what?
• Marketing: Cluster segmentation
customers on RFM
(Recency, Frequency,
Monetary value)
fields into gold, silver, and
bronze segments, and
approach each segment
differently.
• Insurance: Cluster claims
and look for unusual cases
within the groups. This is
also known as anomaly
detection and a useful
method to detect fraud
are examples of----
A typical example of Market basket analysis
association is ---
The modelling palette is modelling objectives
organised by
Each modelling objective Item
is an
https://quizlet.com/1053673215/introduction-to-modeling-and-analysis-of-stochastic-systems-second-edition-exam-comprehensive-questions-and-veri… 2/11
Introduction to Modeling and Analysis of
Stochastic Systems Second Edition EXAM
COMPREHENSIVE QUESTIONS AND VERIFIED
ANSWERS (2025) ALREADY GRADED A+
Save
Terms in this set (83)
Classification
Modelling objectives are Segmentation
Association
---- Predict a target field, classification
using one or more
predictors
----Discover groups of Segmentation
records with similar values
or patterns.
Segmentation is also clustering
termed----
----- is Looking for Association
relationships between
fields
https://quizlet.com/1053673215/introduction-to-modeling-and-analysis-of-stochastic-systems-second-edition-exam-comprehensive-questions-and-veri… 1/11
, 12/06/2025, 09:34 Introduction to Modeling and Analysis of Stochastic Systems Second Edition EXAM COMPREHENSIVE QUESTIONS AND VERIF…
Telco. Predict if a Classification
customer churns, service
usage data can be used to
predict
which customers are liable
to transfer to another
provider.
• Banking. Predict if a
customer fails on paying
back a loan; possible
predictors
are age, sex, and income
are examples of what?
• Marketing: Cluster segmentation
customers on RFM
(Recency, Frequency,
Monetary value)
fields into gold, silver, and
bronze segments, and
approach each segment
differently.
• Insurance: Cluster claims
and look for unusual cases
within the groups. This is
also known as anomaly
detection and a useful
method to detect fraud
are examples of----
A typical example of Market basket analysis
association is ---
The modelling palette is modelling objectives
organised by
Each modelling objective Item
is an
https://quizlet.com/1053673215/introduction-to-modeling-and-analysis-of-stochastic-systems-second-edition-exam-comprehensive-questions-and-veri… 2/11
