Asked by
Mahum Irfan
on Dec 13, 2024
Verified
The extraction of hidden predictive information from large databases to find statistical links between consumer purchasing patterns and marketing actions is referred to as
A) predictive analysis.
B) information extraction.
C) variable analysis.
D) database management.
E) data mining.
Data Mining
The practice of analyzing large sets of data to discover patterns, trends, and useful information.
Predictive Analysis
Using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.
Information Extraction
The process of automatically obtaining structured information from unstructured or semi-structured digital documents.
- Acquire knowledge on the concept of data mining and its crucial significance in detecting patterns in large-scale datasets.
Verified Answer
IH
Learning Objectives
- Acquire knowledge on the concept of data mining and its crucial significance in detecting patterns in large-scale datasets.