COBWEB is an incremental conceptual clustering system. It incrementally adds the objects into a classification tree. The attractive feature of incremental systems is that the knowledge is updated with each new observation.
The cobweb model is a simple supply and demand model for a good over t periods. Firms (agents) make a production quantity decision in a given period, however their output is not produced until the following period.
arachnoid, arachnose: with many fine, entangled hairs giving a cobwebby appearance.
barbellate: with finely barbed hairs (barbellae).
bearded: with long, stiff hairs.
bristly: with stiff hair-like prickles.
 See also: Clustering, Knowledge, Artificial intelligence, Classification, Knowledge representation
  
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