The correct answer is "Customer segmentation".

Clustering is a type of unsupervised machine learning algorithm used to group similar items together. In the context of business, it can be used for customer segmentation where customers are grouped into clusters based on similar characteristics. This can help businesses to target specific groups of customers more effectively.

Here are the steps to answer this question:

1. Understand the question: The question is asking for an application of clustering.

2. Understand the options:
- Price estimation: This is typically a regression problem, not a clustering problem.
- Sales prediction: This is also typically a regression or time series forecasting problem, not a clustering problem.
- Customer churn

Question

The correct answer is "Customer segmentation".

Clustering is a type of unsupervised machine learning algorithm used to group similar items together. In the context of business, it can be used for customer segmentation where customers are grouped into clusters based on similar characteristics. This can help businesses to target specific groups of customers more effectively.

Here are the steps to answer this question:

1. Understand the question: The question is asking for an application of clustering.

2. Understand the options: 
   - Price estimation: This is typically a regression problem, not a clustering problem.
   - Sales prediction: This is also typically a regression or time series forecasting problem, not a clustering problem.
   - Customer churn

Knowee AI · Accepted Answer

The correct answer is "Customer segmentation".

Clustering is a type of unsupervised machine learning algorithm used to group similar items together. In the context of business, it can be used for customer segmentation where customers are grouped into clusters based on similar characteristics. This can help businesses to target specific groups of customers more effectively.

Here are the steps to answer this question:

1. Understand the question: The question is asking for an application of clustering.

2. Understand the options: 
   - Price estimation: This is typically a regression problem, not a clustering problem.
   - Sales prediction: This is also typically a regression or time series forecasting problem, not a clustering problem.
   - Customer churn

Question 1Which of the following is an application of clustering?1 pointPrice estimationSales predictionCustomer churn predictionCustomer segmentation

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