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| Topic: |
Business
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| Number of pages / Number of words: |
23 / 6175 |
Essay's paper body
Data mining uses a lot of methods of statistics and modeling to help discovering useful pairs of hidden variables and turn them into knowledge. Technically, data mining is the process of finding correlations or patterns among dozens of fields in large relational databases.
These knowledge found will later be built into different models against the problem of the business, and provide reference clues for the decision making for the company...
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For example, banks and credit card issuers could classify, analyze, estimate and predict the large amount of customers by data mining techniques, to find out who are the most valuable customers, who are of the highest wastage rate, or to predict the trend responded rate of a new product or promotion could bring, which can supply suitable product or service at proper timing...
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General points of the essay
Data mining in customer acquisition
Data mining
Methods of data collection
Putting Data To Work: Intelligently Using Data Mining, Data Warehousing And Databases.
An Exploration of Understanding Heterogeneity through Data Mining
DATA MINING IN HOMELAND SECURITY
Data And Knowledge Management
Data Input Methods
Data Input, Output, Storage and Access Methods
Data Mining In A Nut Shell
Data Mining and Warehousing
Data Modeling Tools
Establishing a center of excellence for data mining
Methods of Data
methods of data input
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