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Data Mining
Part 1 of Paper ....ing to maximize its profits. A new, and important, tool in gaining this knowledge is . is a set of automated procedures used to find previously unknown patterns and relationships in data. These patterns and relationships, once extracted, can be used to make valid predictions about the behavior of the customer.
is .... Part 2 of Paper ....orithms used to “mine” the data. These include, but are not limited to, neural networks, decision trees, rule induction, boosting, and genetic algorithms.
is largely, if not entirely used for business purposes. The highest users of include banking, financial, and telecommunications industries (Two Crows). will have a different effect on different industries in the business world.
The key to succeeding in this rapidly changing industry is to understand the customer, or the marke.... |
Number of words: 320 - Approximate pages: 2 |
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