WordPress at a glance
action is not described

woocommerce_hide_(hide_notice)_notice action-hook . WC 1.0

Usage

add_action( 'woocommerce_hide_(hide_notice)_notice', 'action_function_name_793' );
function action_function_name_793(){
	// action...
}

Where the hook is called

WC_Admin_Notices::hide_notices()
woocommerce_hide_(hide_notice)_notice
woocommerce/includes/admin/class-wc-admin-notices.php 211
do_action( 'woocommerce_hide_' . $hide_notice . '_notice' );

Where in WP core the hook is used WooCommerce

woocommerce/includes/admin/notes/class-wc-notes-run-db-update.php 26
add_action( 'woocommerce_hide_update_notice', array( __CLASS__, 'set_notice_actioned' ) );
woocommerce/includes/class-wc-regenerate-images.php 52
add_action( 'woocommerce_hide_regenerating_thumbnails_notice', array( __CLASS__, 'dismiss_regenerating_notice' ) );