ISYE 6501 - Week 1: Introduction and Classification Questions and Answers with complete solution

Descriptive Question - Questions that ask for explanations of what happened Predictive Questions - Questions that ask what's going to happen in the future Prescriptive Questions - Questions that ask what action or actions would be best General Questions - Generic questions on data analytics Modeling - A mathematical expression of a real-life situation Classification - Putting things into categories Classifiers - Separators Data Point - A single observation of information Attributes, Features, Covariates or Predictors - One column of a Data Point Response or Outcome - The data point column that is the answer Structured Data - Data that can be described and stored in a structured way Quantitative Data - Numeric DataCategorical Data - Data point without quantitative meaning