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Define data mining. Why are there many names and definitions for data mining?
complete the following assignment in one MS word document:
Chapter 4 – discussion question #1-5 & exercise 2
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- Define data mining. Why are there many names and definitions for data mining?
- What are the main reasons for the recent popularity of data mining?
- Discuss what an organization should consider before making a decision to purchase data mining software.
- Distinguish data mining from other analytical tools andtechniques.
- Discuss the main data mining methods. What are thefundamental differences among them?
- Go to teradatauniversitynetwork.com. Locate Web seminars related to data mining. In particular, locate and watch a seminar given by C. Imhoff and T. Zouqes. Then answer the following questions:a. What are some of the interesting applications of data mining?b. What types of payoffs and costs can organizations expect from data mining initiatives?
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