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What is a common application of K-means clustering?
What is a common application of K-means clustering?
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What is a common application of K-means clustering?
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K-means clustering is commonly used for market segmentation to identify distinct customer groups.
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Q: What is a common application of K-means clustering?
Solution:
K-means clustering is commonly used for market segmentation to identify distinct customer groups.
Steps: 5
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Step 1: Understand what K-means clustering is. It is a method used to group similar items together based on their features.
Step 2: Think about businesses and how they want to know more about their customers.
Step 3: Realize that businesses can use K-means clustering to divide their customers into different groups.
Step 4: Each group represents customers with similar buying habits or preferences.
Step 5: This process is called market segmentation, which helps businesses target their marketing efforts more effectively.
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