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An advertising company that wants to do market segmentation, decides to do so using the K-means algorithm. A colleague suggests that in order to determine
An advertising company that wants to do market segmentation, decides to do so using the K-means algorithm. A colleague suggests that in order to determine the optimal number of segments/clusters, the company should run the K-Means algorithm several times for different values of K and keep the value of K that gives the lowest value of the objective function. Is she/he right and why? Give an alternative method for determining K.
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