Question: The first step in data mining procedures according to SAS and IBM/SPSS is to sample the data. Sampling here refers to dividing the data available

The first step in data mining procedures according to SAS and IBM/SPSS is to “sample” the data. Sampling here refers to dividing the data available for analysis into at least two parts: a training data set and a validation data set. Why do both SAS and IBM/SPSS recommend this as a first step? What are the risks of ignoring this procedural requirement?

Chart

Step by Step Solution

★★★★★

3.42 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Partitioning the data is the first step in all data mining procedures so that we ... 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 Forecasting Predictive Analytics Questions!

The first step in preparing a strategic plan is to specify the entitys goals. Formulate three possible objectives for (a) A manufacturing entity (b) A national charity involved in animal welfare.

MULTIPLE-CHOICE QUESTIONS 1. Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to...

The first step in the delegation process is to assign specific duties to individuals. What do you think are Meyers primary duties, and to whom can he assign these duties? How would you state these...

The first step in data mining procedures according to SAS and IBM/SPSS is to sample the data. Sampling here refers to dividing the data available for analysis into at least two parts: a training data...

What could be the "Anticipated Contributions" based on the topic: THE CORRELATION BETWEEN THE AMPLATS SHARE PRICE AND PLATINUM PRICES Abstract Background AMPLATS is a large platinum producing company...

At least answer question 4-9 please! To see ore details, please see the attach file. ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 1 2011 pp. 145-154 American Accounting Association DOI:...

There are five identified steps to the CIT method as mentioned in the"Using the Enhanced Critical Incident Technique in Counselling Psychology Research" article, found in the Topic 7 Resources....

The scribes of ancient Egypt were the forerunners of today's accountants. a. True b. False Possible Exam 1 Questions Chapter 1: 3. The scribes of ancient Egypt were the forerunners of today's...

10. An experimenter has some degree of control over the: a. independent variable. b. correlative variable. c. history effect. d. All of the above, if the experiment is conducted properly. 11. If a...

Business Research MethodologyQuestion Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

Answer the following Questions Question 1: A) Write the purpose of the DC machine frame Yoke (frame) B) Calculate the e.m.f generated for a DC generator, 6-pole Lap wound armature having 36 slots and...

Demonstrate knowledge of a variety of capital budgeting tools including net present value (NPV), internal rate of return (IRR), payback period, and profitability index (PI). The analysis of the...

What training and qualifications are required for a career as an economist? Are the qualifications different for jobs in the private sector than for those in the government?

7 You have been appointed as manager of a web site and have been asked to develop a metrics programme. Briefly explain the steps you would take to develop this programme.

Is there any difference between a brand name and a trademark? If so, why is this difference important?

Is a well-known brand valuable only to the owner of the brand?

Suggest an example of a product and a competitive situation where it would not be profitable for a firm to spend large sums of money to establish a brand.

Need help on this question Ages of Gamblers The mean age of a sample of 23 people who were playing the slot machines is 49 years, and the standard deviation is 6.8 years. The mean age of a sample of...

Suppose that B.J. International, a U.S. exporter, sells 1 million yens with a futures contract, which will be settled in December 2015. The contract price is ($/) 0.01. (1) If the exchange rate on...

Try using SPSS for the problem! HW #2 1. This is a list of all the games Kobe Bryant played in the 2008-2009 Lakers season and the points he scored in each game. Fill in the table and show your work...