is a 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;
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Data Mining Assignment 4 Shauna N. Hines Dr. Progress Mtshali Info Syst Decision-Making December 7‚ 2012 Benefits of Data Mining Data mining is defined as “a process that uses statistical‚ mathematical‚ artificial intelligence‚ and machine-learning techniques to extract and identify useful information and subsequent knowledge from large databases‚ including data warehouses” (Turban & Volonino‚ 2011). The information identified using data mining includes patterns indicating trends‚ correlations
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discussed and all concluded that data analysis methods help us understand facts‚ observe patterns‚ formulate explanations‚ and try out the hypotheses. Not only does it help us understand facts‚ but they we also discovered that data analysis is used in science and business‚ and even administration and policy-making processes. We’ve found out the data analysis can be carried out in all fields‚ including medicine and social sciences. Once an analysis is conducted the data that is carried out is documented
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Mohammed Al Bittar - 1006091 1. What is meant by big data? A term used for complex sets of data which becomes very difficult to process‚ manage‚ or capture by commonly-used software. 2. What is meaning of data-driven culture? A culture where decisions made upon analyzing real statistical information. Like how Wal-Mart checks on the weather in order to provide more products to the customers; because their statistical information shows that whenever there is a storm‚ customers by
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Summary of data gathering There are more cars and trucks going through the intersection of Spring Street and Route 27 in the morning than the afternoon. How to determine cars and trucks Cars are usually used for taking passengers to the destination; in general‚ they are smaller than trucks. As for trucks‚ there are larger spaces to carry items‚ for example‚ gasoline‚ foods‚ and other goods. In addition‚ school buses are important transportations on campus‚ but they are counted as neither cars
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The data protection principles There are eight data protection principles that are central to the Act. The Company and all its employees must comply with these principles at all times in its information-handling practices. In brief‚ the principles say that personal data must be: 1. Processed fairly and lawfully and must not be processed unless certain conditions are met in relation to personal data and additional conditions are met in relation to sensitive personal data. The conditions are
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You Can Do With Data/The Information Architecture of an Organization What is the difference between data and information? Give examples. Data = discrete‚ unorganized‚ raw facts Quantity Sold‚ Course Enrollment‚ Customer Name‚ Discount‚ Star Rating. Information = transformation of those facts into meaning. Financial data (deposits)‚ daily loans. What is a transaction? Action performed in a database management system What are the characteristics of an operational data store? Stores
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into the Workers’ Compensation (WC) actuarial model workbook. Payroll data for the WC model should contain “only the actual hours worked” for specific Rate Schedule Codes (RSC) groups‚ including executives. The WC payroll data should exclude all paid leave types. A comparison of work hours from the NPHRS mainframe report to the summary in EDW reveals very small differences. We hope to align the NPHRS and EDW work hour data. Also‚ we (Technical Analysis‚ Accounting and Finance) need to understand
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Be Data Literate – Know What to Know by Peter F. Drucker Executives have become computer literate. The younger ones‚ especially‚ know more about the way the computer works than they know about the mechanics of the automobile or the telephone. But not many executives are information-literate. They know how to get data. But most still have to learn how to use data. Few executives yet know how to ask: What information do I need to do my job? When do I need it? In what
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Turnage‚ Bonebright‚ Buhman‚ Flowers (1996) showed that untrained participants can listen to shapes. That is‚ they used data sonification – musical representation of two dimensional space‚ with pitch as the vertical dimension and time as the horizontal dimension – to present participants the visual and auditory representation of waveforms. In two conditions‚ they showed the participants could match one visual presentation to one of two auditory representations‚ or match one auditory presentation
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