Question
For the following situation, identify the fallacy (or fallacies) associated with it. The Fallacies were 1) There are data mining tools that we can turn
For the following situation, identify the fallacy (or fallacies) associated with it. The Fallacies were 1) There are data mining tools that we can turn loose on our data repositories, and find answers to our problems, 2) The data mining process is autonomous, requiring little or no human oversight, 3) Data mining pays for itself quite quickly, 4) Data mining software packages are intuitive and easy to use, 5) Data mining will identify the causes of our business or research problems, 6) Data mining will automatically clean up our messy database, 7) Data mining always provides positive results. Your boss found some open data from the OECD (Organization for Economic Co-operation and Development) website, with analysis of different countries. Your company wants to expand internationally and this is exciting data to find. Your boss thinks that you can take this data and put it into a data mining software package without data preparation, and you should get some score associated with each country, indicating the likelihood your international expansion will succeed in that country. Your boss thinks that the software will find some results on this dataset.
Step by Step Solution
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Step: 1
In this scenario several fallacies related to data mining are at play 1 Fallacy 1 There are data min...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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