Question

Write short notes on Applications & Trends in Data Mining.

Answer 1

In many financial transactions, it is customary to quote prices in other ways. The most obvious example is in pricing a loan, when the cost will be expressed as the percentage rate of interest. The total amount of interest payable depends upon credit risk, the loan amount and the period of the loan. Other examples can be found in pricing financial derivatives and other financial assets. For instance the price of inflation-linked government securities in several countries is quoted as the actual price divided by a factor representing inflation since the security was issued.

Answer 2

Applications and trends in data mining ;
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A few application domains of Data Mining (such as finance, the retail industry and telecommunication) and Trends in Data Mining which include further efforts towards the exploration of new application areas and new methods for handling complex data types, algorithms scalability, constraint based mining and .