BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Data mining is the process by which organizations detect patterns in data for insights relevant to their business needs. It’s essential for both business intelligence and data science. There are many data mining techniques organizations can use to turn raw data into actionable insights.
Detailed explanation-2: -Data Mining is a process of separating the data to identify a particular pattern, trends, and helpful information to make a fruitful decision from a large collection of data. It is also known by the name Knowledge Discovery in Database.
Detailed explanation-3: -Answer-C) Data transformation is not involved in data mining.
Detailed explanation-4: -Important Points From the given option, the following statements are true regarding data mining: Predicting future trends based on information available. Analysing demographic information about customers. Credit risk analysis.