Question: Discuss the Knowledge Discovery process involved when solving a data mining problem for the scenario given in Figure Q2 . A telco company wants to

Discuss the Knowledge Discovery process involved when solving a data mining problem for the scenario given in Figure Q2.

Discuss the Knowledge Discovery process involved when solving a data mining problem

A telco company wants to promote a new network service. Due to mailing costs, it wants to send the promotional material to a limited number of potential customers. The company decided to use data mining techniques to find out what attributes, if any, and group the customers into two or more clusters. It can then check historical records to determine which group is more likely to have higher acceptance of the offer. Based on that, the company may decide to mail the promotional material to a particular group of customers only. FIGURE Q2

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