Data mining helps mainly in four ways: sequence analysis, classification, clustering, and forecasting. Data mining helps determine whether a person has committed fraud. Which of the four types of analysis help do that? Explain why.
Answer to relevant QuestionsThe web is a huge resource from which almost any organization could derive knowledge, yet few do. What is the major challenge?Can businesses use free search engines, such as those provided by Google, Bing, and Yahoo!, to efficiently gather useful knowledge for better decision making?1. Why is IT planning so important?2. As part of their IT planning, many organizations decide to standardize. What does standardization mean in this context, and what are its potential benefits?3. Why is traditional systems ...What are the elements that make the responsibilities of IT professionals similar to those of other professionals, such as engineers and financial analysts?The modern view of systems development is that it should be a continuation of IS planning.Why?
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