What distinguishes data mining from other statistical methods? What methods, in addition to those of statistics, are often used in data mining?
Answer to relevant QuestionsDifferentiate between probability and statistics. Which of the five basic activities of statistics is represented by each of the following situations? a. A factory’s quality control division is examining detailed quantitative information about recent productivity in order ...What is the difference between discrete and continuous quantitative variables? Let’s continue to look at the DJIA discussed in problem 26. Table 2.6.8 shows 23 daily observations of the value of the DJIA, with 22 observations of the net change from one observation to the next, and the percent change ...Name six properties of a data set that are displayed by a histogram.
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