Order ready-to-submit essays. No Plagiarism Guarantee!
Note: All our papers are written from scratch by human writers to ensure authenticity and originality.
What are the basic types of business questions that data mining will help answer, or not answer?
© BrainMass Inc. brainmass.com March 21, 2019, 11:28 am ad1c9bdddf
https://brainmass.com/business/business-management/what-are-the-basic-types-of-business-questions-that-data-mining-will-help-answer-43361
Solution Preview
Check before you submit. Get Turnitin Score Report in 15 Minutes.
Don't risk the 'Red' score. Get the exact same Turnitin report your professor uses. Join 50,000+ students who submitted their essays with confidence this semester.
Please see the attachment for the footnotes and referencing which didn’t carry over.
Data Mining is the process of finding hidden patterns and relationships in the data. It is a powerful new technology with great potential to help companies focus on the most important information in their data warehouses.
Data mining can answer business questions that traditionally were too time-consuming to resolve. When the user’s questions are vague or general in nature, data mining is needed. Such business questions would be like: “What properties characterize the customers that gave us the most business in the past year?” “What’s likely to happen to NY unit sales next month? Why?” and “Which clients are most likely to respond to my next promotional mailing, and why?”
Data mining search databases for hidden relationships, finding predictive information that experts may overlook because it might be beyond their expectations. When implemented on high performance client/server or parallel processing computers, data mining tools can analyze massive databases to deliver answers to questions like these above. Data mining tools predict future trends and behaviors, allowing businesses to make knowledge-driven decisions. …
