Question: Given the following two examples, please explain whether supervised or unsupervised data mining techniques are needed and why A company developed a new product and

Given the following two examples, please explain whether supervised or unsupervised data mining techniques are needed and why

  1. A company developed a new product and wanted to build a model to predict whether customers would buy or not buy the new product.
  2. A company wants to group their customers based on their preferences.

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 Economics Questions!

Q:

Given the following three examples, please explain whether directed/supervised or undirected/unsupervised data mining techniques are needed. Why?A company developed a new product and wanted to build...

Q:

Abstract This article describes CRISP-DM (Cross-Industry Sandand Process for Data Mining), a non-proprietary, documented, and freely available data mining model. Dezeloped by indias- try leaders...

Q:

MATHEMATICIANS RISE TO A CHALLENGE ne of the theorems we teach in eighth grade is a + b= *, where c is the length of the hypotenuse of a right triangle in Euclidean space, and a and b are the lengths...

Q:

(Short-Answer and Algebraic Questions): (The numbers in square brackets give the breakdown of the points for various parts of each question. please explain your answers.) 1. This questions is based...

Q:

chapter 6 \" International Management It was once said that the sun never set on the British Empire. Today, the sun does set on the British Empire, but not on the scores of global empires, including...

Q:

7.0: Organizational Strategy Overview (one paragraph describing the following charts) 7.1:CurrentOrganizationalStructure(chart)...

Q:

7.0: Organizational Strategy Overview (one paragraph describing the following charts) 7.1:CurrentOrganizationalStructure(chart)...

Q:

Address the interaction of laws and new technologies and how they have evolved each other in recent years based on the below article... BIG DATA "Privacy Versus Progress" : A Necessary Sacrifice, By...

Q:

U.S. Army Cost Benefit Analysis Guide 12 JANUARY 2010 Prepared by Office of the Deputy Assistant Secretary of the Army (Cost and Economics) Version 1.0 U.S. Army Cost Benefit Analysis Guide - V 1.0 2...

Q:

the case study is called : Big Shoes to Fill by Michael Beer. PART A: Having read the HBR Case Study, Big Shoes to Fill (attached), answer the following questions about the case. 1. What type of...

Q:

Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory 10,900 45,500 56,400 Begin. Inv. Purchases Avail. for use End. Inv. Begin. Inv. DM used Direct...

Q:

Elaine is evaluating two investmentsinvestment 1 has a profitability index (PI) of 2.4 while investment 2 has a PI of 1.2. As these investments are mutually exclusive, Elaine is recommending...

Q:

True or false: The set of rules and regulations that govern the content and format of financial statements is called Government Accounting Procedures ( GAP ) .

Q:

A linear program is defined by the following constraints: X1 + X2 = 0; X2 >= 0. How many corner points does the FEASIBLE REGION have? 04 O 3 O Problem is not feasible O 5

Q:

5. List at least three personal roles that you want to perform better. What can you imagine doing to perform better in these three personal roles. Use tomorrow to improve what you think can be...

Q:

10. Imagine that the goal has been reached. Now think about the path you have to take to reach the goal. How did you influence other people to achieve your goal? Imagine walking along the path you...

Q:

2. How do I perform this role?