DATABASE FUNDAMENTALS
DATA WAREHOUSING AND DATA MINING
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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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Either A or B
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None of the above
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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 most commonly defined as the process of using computers and automation to search large sets of data for patterns and trends, turning those findings into business insights and predictions.
Detailed explanation-3: -Data mining involves exploring and analyzing large blocks of information to glean meaningful patterns and trends. It can be used in a variety of ways, such as database marketing, credit risk management, fraud detection, spam Email filtering, or even to discern the sentiment or opinion of users.
Detailed explanation-4: -The least squares method is a form of mathematical regression analysis used to determine the line of best fit for a set of data, providing a visual demonstration of the relationship between the data points.