I need support with this Economics question so I can learn better.
1. Review the Panopto Recording ‘Classification and Regression Trees’ video. This video is a summary of the attached Power Point documents of ‘Classification and Regression Trees’
2. Read the selection from the Shmueli, Patel, and Bruce book ‘Data Mining for Business Intelligence’; Chapter 9, pp 164-173. This document is uploaded below
3. For your assignment please summarize the procedure in one or two paragraphs. Also briefly compare and contrast with the KNN procedure discussed in the preceding sections.