Question: 1 What is data mining and why do you think businesses mine their data? 2 What are some pros and cons of data mining? 3

1 What is data mining and why do you think businesses mine their data?

2 What are some pros and cons of data mining?

3 What are some useful applications for data mining?

4 Provide an example that affects you.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 Databases Questions!

Q:

1. Choose three to five software which you think are most popular and useful in Data mining and comment one their pros and cons?! 2. What are the pros and cons of Cloud-based analytics? 3. Whyusing R...

Q:

17 Please do all 1. Give three broad reasons why you think data mining is being used in today's businesses. 2. Define data mining in two or three sentences. 3. Name the major phases of a data mining...

Q:

1. What is data mining? Why are there many different names and definitions for data mining? 2. What are the major application areas for data mining? What are some specific applications of data...

Q:

Respond with an explanation without sources and citations. 1. What is data mining. Why are there many different names and definitions for data mining? 2. What are the major application areas for data...

Q:

Post your answer to the Question (100 200 words): Data mining (knowledge discovery from data) is a process of extracting interesting (non-trivial, implicit, previously un-known and potentially...

Q:

Data mining (knowledge discovery from data) is a process of extracting interesting ( non-trivial, implicit, previously unknown, and potentially useful) patterns or knowledge from the huge amount of...

Q:

1) What is data mining in general terms? 2) What is the difference between a database, a data warehouse and a data set? 3) What are some of the limitations of data mining? How can we address those...

Q:

Pick a firm/company of your own choice (e.g. Verizon Wireless) and turn in a thoughtful write-up (approx. 1 page equivalent) about ONE SPECIFIC OPPORTUNITY for this company to benefit from data...

Q:

You should identify dimensions, map dimensions to data sources, and specify dimension hierarchies. For each dimension, you should identify its data sources and attributes in each data source. For...

Q:

subject : Introduction of business analytics Question 1 ( 1 point) Saved Cause-and-effect modeling is the process of analyzing databases to identify natural associations among variables and create...

Q:

A copper wire is stretched with a stress of 70MPa (10,000psi) at 20C (68F). If the length is held constant, to what temperature must the wire be heated to reduce the stress to 35MPa (5000psi)?

Q:

Let f be the function whose graph is given. (a) Estimate the value of f (2). (b) Estimate the values of x such that f(x) = 3. (c) State the domain of f. (d) State the range of f. (e) On what interval...

Q:

Ac.F100 Managerial FinanceWorkshop Questions (week 16)1. Bond A and Bond B have 7% coupons and are priced at par value. Bond A has 3 years to maturity, whereas Bond B has 20 years to maturity. Both...

Q:

CT Corp Comprehensive Question Canadian Tire Corporation, Limited ( Canadian Tire ) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

Q:

What are some of the business communication differences between Canada and Mexico? (Objective 4)

Q:

Xway Accounting has outsourced preparation of basic income tax forms to technicians working in India. Accountants in the home office will continue to do business tax forms and complex forms for...

Q:

Explain three communication challenges that a U.S. expatriate may face when relocated to an office in China. (Clue: Consider high- and low-context cultures.) (Objective 4)