1 pointWhat does the Variable Information Value (IV) measure in the context of predictive modeling?a. The strength of the linear relationship between two variablesb. The predictive power of a variable in separating the target classesc. The statistical significance of a variable in a regression modeld. The variability of a variable across different levels of the target variable

Define information and explain how it differs from data

Using an example, define the term information.

Differentiate between data and information

Fill in the missing words: Information is relevant if it is capable of making a difference in a user’s decision-making where information is considered to be capable of making a difference in a user’s decision-making if it hasBlank 1                            value and/ or Blank 2                        value.

In data analysis, which factors significantly influence the amount of information that can be extracted from a variable?Group of answer choicesThe variable’s type of measurement scaleThe data collection methodAn expert in the fieldThe data’s level of significance