necessity for a businesses trying to maximize its profits. A new‚ and important‚ tool in gaining this knowledge is Data Mining. Data Mining is a set of automated procedures used to find previously unknown patterns and relationships in data. These patterns and relationships‚ once extracted‚ can be used to make valid predictions about the behavior of the customer. Data Mining is generally used for four main tasks: (1) to improve the process of making new customers and retaining customers; (2) to
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governing the minerals industry in the Philippines is contained in Republic Act No. 7942 (otherwise known as the Philippine Mining Act of 1995) and given flesh by its revised implementing rules and regulations (Administrative Order No. 96-40) and its subsequent amendments. These policies advocate the sustainable development of mineral resources in the country. While both the Mining Act and its regulations provide a strong focus on environmental and social management‚ they continue to be the subject
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Data Mining Weekly Assignment 6: LIFT; CRM; AFFINITY POSITIONING; CROSS-SELLING AND ITS ETHICAL CONCERNS. What is meant by the term “lift”? The term “lift” describes the improved performance of an exact or specific amount of effort on a modeled sampling‚ as opposed to a random sampling (Spang‚ 2010). In other words‚ if you are able to market via a model to say‚ a given number of random customers (e.g. 1000)‚ and we expect that 50 of them would be successful‚ then a model that can generate 75
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Wildcat Mining Recently there has been a dispute between the Munduruku Tribe and “wildcat miners”‚ in which several illegal miners had set up various mines on the Munduruku’s land in search of gold. To remove these miners on their land‚ the tribe’s leaders travelled to Brazil‚ demanding from the government to remove illegal miners on their territory. Unfortunately‚ a court action by the government could take years and years‚ thus the Munduruku Tribe decided to evict the illegal miners by themselves
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Introduction Denver-Based New Earth Mining‚ one of the largest US precious metal producers‚ was enjoying rapid growth in earnings with the continued improvement of its operating margins. New Earth Mining had accumulated a large amount of cash on its balance sheet. It had a simple debt structure and a reasonable leverage ratio with no significant risk of liquidity. With its strong financial condition and the desire to diversify its business though new capital investments rather than acquisition‚
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is the Mining in Palawan. Palawan is not just one of the most beautiful places in the Philippines but also around the world. It is an Island where many tourists come‚ where they can appreciate the true beauty of nature. But because of the continuous mining‚ a lot of places in Palawan are wrecked and are turned to mining sites. This made a lot of concern Filipinos eager to let the mining cease for it causes destruction to Palawan. And because of this‚ a movement that promotes the “No to Mining in Palawan”
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Data Mining DeMarcus Montgomery Dr. Janet Durgin CIS 500 June 9‚ 2013 Determine the benefits of data mining to the businesses when employing 1. Predictive analytics to understand the behavior of customers Predictive analytics is business intelligence technology that produces a predictive score for each customer or other organizational element. Assigning these predictive scores is the job of a predictive model‚ which has‚ in turn been trained over your data‚ learning from the experience
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AGH Journal of Mining and Geoengineering • vol. 36 • No. 3 • 2012 Maria Rosienkiewicz* IDEA OF ADAPTATION VALUE STREAM MAPPING METHOD TO THE CONDITIONS OF THE MINING INDUSTRY 1. Value Stream Mapping method The Value Stream Mapping (VSM) method is one of the tools of the lean manufacturing methodology. It originates in the Toyota Production System (TPS). In Toyota this method was called “Material and Information Flow Mapping”. This technique enables analyzing and designing the flow of
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for NewMont Mining in Indonesia NewMont Mining Corp. is the one of the world’ leading gold company‚ headquartered in Denver‚ Colorado. The company employs approximately 15‚000 people‚ the majority of whom work at Newmont’s mines sites in the United States‚ Australia‚ Peru‚ Indonesia‚ Bolivia‚ New Zealand and Mexico. NewMont Mining Corp. began to operate two mines in Indonesia in 1996‚ one in Batu Hijau on the island of Sumbawa and Minahasa Raya on the island of Sulawesi. NewMont Mining faced several
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Data Mining Information Systems for Decision Making 10 December 2013 Abstract Data mining the next big thing in technology‚ if used properly it can give businesses the advance knowledge of when they are going to lose customers or make them happy. There are many benefits of data mining and it can be accomplished in different ways. The problem with data mining is that it is only as reliable as the data going in and the way it is handled. There are also privacy concerns with data mining
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