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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Analysis and Description
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Data cleaning and organizing the data
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Prediction and Description
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Data cleaning and organizing the data
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Detailed explanation-1: -The two “high-level” primary goals of data mining, in practice, are prediction and description. Prediction involves using some variables or fields in the database to predict unknown or future values of other variables of interest. Description focuses on finding human-interpretable patterns describing the data.
Detailed explanation-2: -Data mining is a process used by companies to turn raw data into useful information. By using software to look for patterns in large batches of data, businesses can learn more about their customers and develop more effective marketing strategies as well as increase sales and decrease costs.
Detailed explanation-3: -The ultimate goal of the data mining process is to compile data, analyze the results, and execute operational strategies based on data mining results.
Detailed explanation-4: -Descriptive Data Mining provides descriptive information about the past behavior of the data by analyzing it. Predictive Data Mining determines or predicts the future behavior of the data based on its records.