Question: What is data mining? How is data mining useful to profit-seeking companies? What are some accounting uses of data mining?

What is data mining? How is data mining useful to profit-seeking companies? What are some accounting uses of data mining?

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 Accounting Questions!

Q:

What is data mining? How is data mining useful to profit-seeking companies? What are some accounting uses of data mining?

Q:

Discussion Automated data collection has fostered the use of data mining for crime detection. Banks, large corporations, insurance companies, government and security organizations are increasingly...

Q:

Automated data collection has fostered the use of data mining for crime detection. Banks, large corporations, insurance companies, government and security organizations are increasingly mining data...

Q:

contributed articles DOI:10.1145/ 2602574 How to use, and influence, consumer social communications to improve business performance, reputation, and profit. BY WEIGUO FAN AND MICHAEL D. GORDON The...

Q:

contributed articles DOI:10.1145/ 2602574 How to use, and influence, consumer social communications to improve business performance, reputation, and profit. BY WEIGUO FAN AND MICHAEL D. GORDON The...

Q:

Hello again, this is another class and I need your help again. I misunderstood the start date of the class so I'm a bit late for this first week so I'm sorry for having to ask you to finish some of...

Q:

Hello again, this is another class and I need your help again. I misunderstood the start date of the class so I'm a bit late for this first week so I'm sorry for having to ask you to finish some of...

Q:

data mining subject 1- summary the artical 2-what is data size 3- recoreds applied 4-what techqinecs is used 5- explain resualts EMPIRICAL STUDY ON SELECTION OF TEAM MEMBERS FOR SOFTWARE PROJECTS -...

Q:

I need a 10 page paper for my MIS class. Please do not copy and paste as my school is getting stricter on plagiarism. I have attached the assignment and the sample \fData Analytic Thinking 1 Data...

Q:

This is the topic of Accounting Information System. I need imfortant MCQ, True False, Matching, regarding this chapter. Prepared by Paula Funkhouser University of Nevada, Reno Core Concepts of...

Q:

What are variable, fixed, and mixed costs?

Q:

Starr Company reports the following information for August. Raw materials purchased on account ........ $76,200 Direct materials used in production ....... $48,000 Factory wages earned (direct labor)...

Q:

What is emphasized as essential for aviation department managers to manage financial affairs effectively

Q:

What's the advantage of an objective performance measure opposed to a subjcetive performance measure with employee's performance appraisal

Q:

12.4 Analyze the main advantages and disadvantages of salary plans and commission plans for salespeople.

Q:

=+Could you use an ambient ad?

Q:

2. Discussthe types of compensation programs and plans available to Marilyn to motivate and retain her existing staff. Marilyn Brown started her chain of 10 wedding bou-tiques approximately five...