Question: What is data mining and why is it classified under predictive analytics? Search the Web for an example of data mining in an organization of

What is data mining and why is it classified under predictive analytics? Search the Web for an example of data mining in an organization of your choice and illustrate the way it is currently in use.

Step by Step Solution

★★★★★

3.39 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Data mining is a process of discovering patterns trends correlations or useful information from large datasets using various techniques and algorithms It involves extracting valuable knowledge and ins... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Business Intelligence and Analytics Questions!

Determine the first and third quartiles. The Thomas Supply Company Incorporated is a distributor of gas - powered generators. As with any business, the length of time customers take to pay their...

Write a literature review for your study. See below for an example of a literature review. Your literature review should provide both analysis and synthesis of previous studies as related to the...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Search the Web for either (a) an organization that has defined its sustainability strategy and policy, and give examples of how they are implementing it, or (b) an organization that has received...

Case Study Logistics Optimization in a Major Shipping Company (CSAV) Introduction Compania Sud Americana de Vapores (CSAV) is a shipping company headquartered in Chile, South America, and is the...

Part 2: Questions (6 Marks, 2 for each) i. ii. Distinguish between strategic and tactical planning. Explain what is data mining and why is it classified under predictive analytics? Search the web for...

After reviewing Ch. 5, "Predictive Analytics II: Text, Web, and Social Media Analytics" Application Case 5.7, "Understanding Why Customers Abandon Shopping Carts Results in a $10 Million Sales...

How are Data / Analytics Used in Your Organization? How are data used in your business / organization? Is it basic reporting or advance predictive analysis and data mining? What questions are being...

Can you please answer this questions below QUESTION 1 The key to any successful report is clarity, ____, completeness, and correctness. a. actuality b. longevity c. brevity 2 points QUESTION 2 A is a...

MAN 3025 CASE: USE FOR CLASS PURPOSES ONLY IBM: Reinvention of a Tech Titan IBM is currently struggling through a rough patch. Rapid changes in the information technology sector have wreaked havoc on...

The following comparative income statement (in millions of dollars) for the fiscal years 2003 and 2004 was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several...

Todd Ricketts is confused. He does not understand why rent on his apartment is a fixed cost and rent on a Hertz rental truck is a mixed cost. Explain the difference to Todd.

What are trade remedy laws? How do they attempt to protect U.S. firms from unfairly (fairly) traded goods?

If X has a normal distribution with mean = 20 and standard deviation = 9, determine (a) P(X 17), (c) P(X > 15), (d) P(2

What does Travel and Transport, Inc., do?

What were the main business challenges?

What was the solution? How was it implemented?

Waterways, (Round answers to 2 decimal places. e.3. 12.25.)

Geoff and Linda live in Glasgow. Both are teachers, with Geoff in full time and Linda in part-time paid employment. When they bought a flat together in June 2018 the mortgage broker talked them...

What is a deferral transaction? What is an accrual transaction? Why do we need to record these transactions?