BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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data warehouse
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data mining
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data web
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all wrong
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Detailed explanation-1: -Data mining is a process of extracting useful information, patterns, and trends from raw data. Data analysis is a method that can be used to investigate, analyze, and demonstrate data to find useful information. The data mining output gives the data pattern.
Detailed explanation-2: -Predictive analytics uses historical data to predict future events.
Detailed explanation-3: -Data Analysis Helps You Make More Informed Decisions This allows you to create targeted campaigns that are tailored specifically to customer needs and preferences. Additionally, it helps you anticipate future customer needs so that you can plan ahead and stay one step ahead of the competition.
Detailed explanation-4: -Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.