Present an example where data mining is crucial to the success of a business. What data mining functionalities does this business need (e.G., think of the kinds of patterns that could be mined)? Can such patterns be generated alternatively by data query processing or simple statistical analysis?
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Present an example where data mining is crucial to the success of a business. What data mining functionalities does this business need (e.g, think of the kinds of patterns that could be mined)? Can such patterns be generated alternatively by data query processing or simple statistical analysis? 1.5 Explain the difference and similarity between discrimination and classification, between characterization and clustering, and between classification and regression. 1.7 Outliers are often discarded as noise. However, one person's garbage could be another's treasure. For example, exceptions in credit card transactions can help us detect the fraudulent use of credit cards. Using fraudulence detection as an example, propose two methods that can be used to detect outliers and discuss which one is more reliable.
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