Week 8 Study Guide

Which of the following AI software applications would most likely not work 'off-the-shelf' and instead require a company's custom training data?

A "chatbot" to provide customer support.

Which of the following best describes "Artificial Intelligence"?

Computer software that attempts to perform human-like tasks.

In order to apply artificial intelligence tools in your career, you will most likely need to complete a course or training workshop that teaches you how to write the computer code for algorithm implementation.

False

The widespread availability of AI software tools makes it possible to easily predict nearly anything you may want to predict.

False

Which of the following are common examples of artificial intelligence software you are likely to encounter on a daily basis?

Google image search suggests images similar to the one you clicked on, YouTube suggests videos similar to the one you are watching, Amazon suggests other products you might be interested in purchasing based on past purchases.

How does an AI model typically "learn"?

It determines more or improved parameter values in complex mathematical models based on additional data.

Which of the following is an application in which artificial intelligence can potentially provide a competitive advantage in the field of marketing and business? (select all that apply)

Selecting advertisements based on purchase history, automatically adjusting the cost of a product based on supply and demand, predicting future product demand in order to determine warehouse needs, predicting which products may be most desirable for customers.

Machine learning is an example of a mathematical model.

True