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Data Mining, 5 types of information obtainable from Data mining
Analysis of large pools of data to find patterns and rules that can be used to guide decision making and predict future behavior.
• Finds hidden patterns, relationships in datasets –Example: customer buying patterns
• Infers rules to predict future behavior
• Types of information obtainable from data mining:
1. Associations
2. Sequences
3. Classification
4. Clustering
5. Forecasting
• Finds hidden patterns, relationships in datasets –Example: customer buying patterns
• Infers rules to predict future behavior
• Types of information obtainable from data mining:
1. Associations
2. Sequences
3. Classification
4. Clustering
5. Forecasting
