Which statements are true about a segment in Oracle Analytics Cloud machine learning functionality? (Choose two.)

A segment in Oracle Analytics Cloud's machine learning functionality is indeed a statistically determined group of data points. This is significant because segments assist in understanding the distribution and characteristics of data, thereby enabling targeted analysis and model building. By categorizing data points into cohesive groups based on shared characteristics, users can derive insights that are more nuanced and relevant to specific subsets of their data.

Choosing this correct answer underscores the importance of segmentation in analytics, as it plays a critical role in predictive modeling and delivering insights tailored to specific groups. This becomes particularly valuable in advanced data analysis scenarios where understanding the behavior of particular segments can drive more effective decision-making.

While the statement regarding it being a component of the output from the Explain functionality might suggest some relationship to how segments are used, it does not capture the essence of what segments fundamentally represent within the framework of machine learning in Oracle Analytics. Thus, identifying segments purely as groups of data points provides clarity on their role and function within the overall analytic process.