3. DATA MINING TECHNIQUES 3.1 NECESSITY OF DATA MINIING DATA Data is numbers or text which is a statement of a fact. It is unprocessed and stored in database for further analysis. Operational and transaction data such as cost and sales‚ is essential to modern enterprise’s internal environment. Non-operational data such as competitors’ sales and forecasting data‚ is responsible for analysis of external environment. INFORMATION Information is generated through data mining so that it becomes
Premium Data mining
University CS 450 Data Mining‚ Fall 2014 Take-Home Test N#1 Date: September 22nd‚ 2014 Final deadline for submission September 29th‚ 2014 Weighting: 5% Total number of points: 100 Instructions: 1. Attempt all questions. 2. This is an individual test. No collaboration is permitted for assessment items. All submitted materials must be a result of your own work. Part I Question 1 [20 points] Discuss whether or not each of the following activities is a data mining task. •
Premium Data mining Data analysis Data
Stock Exchange forecasting with Data Mining and Text Mining (Marketing and Sales Analysis) Full names : Fahed Yoseph TITLE : Senior software and Database Consultatnt (Founder of Info Technology System) E-mail: Yoseph@info-technology.net Date of submission: Sep 15th of 2013 CONTENTS PAGE Chapter 1 1. ABSTRACT 2 2. INTRODUCTION 3 2.1 The research problem. 4 2.2 The objectives of the proposal. 4 2.3 The Stock Market movement. 5 2.4 Research question(s). 6 2. Background 3. Problem
Premium Stock market Data mining
SMS CUSAT Reading Material on Data Mining Anas AP & Alex Titty John • What is Data? Data is a collection of facts and information or unprocessed information. Example: Student names‚ Addresses‚ Phone Numbers etc. • What is a Database? A structured set of data held in a computer which is accessible in various ways. Example: Electronic Address Book‚ Phone Book. • What is a Data Warehouse? The electronic storage of large amount of data by business. Concept originated in
Premium Data mining Decision support system
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
Premium Data mining
Data mining is a concept that companies use to gain new customers or clients in an effort to make their business and profits grow. The ability to use data mining can result in the accrual of new customers by taking the new information and advertising to customers who are either not currently utilizing the business ’s product or also in winning additional customers that may be purchasing from the competitor. Generally‚ data are any “facts‚ numbers‚ or text that can be processed by a computer.” Today
Premium Data mining
Data Mining Melody McIntosh Dr. Janet Durgin Information Systems for Decision Making December 8‚ 2013 Introduction Data mining‚ or knowledge discovery‚ is the computer-assisted process of digging through and analyzing enormous sets of data and then extracting the meaning of the data. Data mining tools predict behaviors and future trends‚ allowing businesses to make proactive‚ knowledge- driven decisions Although data mining is still in its infancy
Premium Data mining
university CASE STUDY OF DATA MINING Summitted by Jatin Sharma Roll no -32. Reg. no 10802192 A case study in Data Warehousing and Data mining Using the SAS System. Data Warehouses The drop in price of data storage has given companies willing to make the investment a tremendous resource: Data about their customers
Premium Data mining Data warehouse Data management
business intelligence‚ data warehouse‚ data mining‚ text and web mining‚ and knowledge management. Justify and synthesis your answers/viewpoints with examples (e.g. eBay case) and findings from literature/articles. To understand the relationships between these terms‚ definition of each term should be illustrated. Firstly‚ business intelligence (BI) in most resource has been defined as a broad term that combines many tools and technologies‚ used to extract useful meaning of enterprise data in order to help
Premium Data mining
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
Premium Data mining Predictive analytics