BI: Week 4 Assignment

 Complete the following assignment in one MS word document:

Chapter 4:

Discussion Question 1: Define data mining. Why are there many names and definitions for data mining?

Discussion Question 2: What are the main reasons for the recent popularity of data mining?

Discussion Question 3: Discuss what an organization should consider before making a decision to purchase data mining software?

Discussion Question 4: Distinguish data mining from other analytical tools and techniques?

Discussion Question 5: Discuss the main data mining methods. What are the fundamental differences among them?

Exercise 1: Visit www.teradatauniversitynetwork.com. Identify case studies and white papers about data mining. Describe recent developments in the field of data mining and predictive modeling.