100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MIS 301 Question and answers already passed 2024 £11.42   Add to cart
Quickly navigate to
Preview
  2.  
  3. MIC 301
  4.  
  5. MIC 301

Exam (elaborations)

MIS 301 Question and answers already passed 2024

 5 views  0 purchase
  • Module
  • MIC 301
  • Institution
  • MIC 301

MIS 301 Question and answers already passed 2024 Data Mining - correct answer Non-trivial discovery of novel, valid, comprehensible, and potentially useful patterns in data Storage capacity is ________ as cost is decreasing - correct answer increasing Sources of Data - correct answer I...

[Show more]

Preview 2 out of 5  pages

Document information

  • August 27, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mis 301
  • mis 301 question and answers already passed 2024

Written for

  • MIC 301
  • MIC 301

Seller

avatar-seller
flyhigher329

Reviews received

Content preview

MIS 301: Data Mining
Data Mining - correct answer ✔Non-trivial discovery of novel, valid,
comprehensible, and potentially useful patterns in data


Storage capacity is ________ as cost is decreasing - correct answer
✔increasing


Sources of Data - correct answer ✔Internal operation systems, bought from
other sources, social networking, user-generated content, transactional data
from company operations


Problems with Operational Data - correct answer ✔Dirty data, missing
values, inconsistent data, too fine or too course, too much data


Purpose of Operational Data Dashboard - correct answer ✔For executives to
look at anomalies and analyze or monitor KPI's


Business Intelligence Systems - correct answer ✔Unified reporting and
analysis system for organizational decision making using data


Value of Business Intelligence Tools - correct answer ✔Analyze data, look
for patterns, share information with business partners, manage inventory,
design marketing strategies


Primary systems in Business Intelligence - correct answer ✔Reporting
systems, data-mining systems, knowledge management systems, expert
systems

, Reporting systems - correct answer ✔Integrate and process data by sorting,
grouping, summing, and formatting. Produce, administer, and deliver reports.


How do reporting systems improve decision making? - correct answer
✔Provide right information to the right user at the right time


Data mining systems - correct answer ✔Use sophisticated statistical
techniques, like regression and decision tree analysis, to find patterns and
relationships


Example uses of a data mining system - correct answer ✔Database
marketing and targeting, credit risk management, credit scoring, fraud
detection and prevention, healthcare bioinformatics, spam filtering,
recommendation systems, sentiment analysis, qualitative data mining


Steps of data mining - correct answer ✔Business understanding, data
understanding, data prep, data modeling, evaluation, deployment


Benefits of data mining - correct answer ✔Automated decision making,
accurate prediction forecasting, reduce cost, provide customer insights


Automated Decision Making - correct answer ✔Allows continual analysis of
that that automates routine and critical decision making


Accurate Prediction Forecasting - correct answer ✔Facilitates planning and
provides managers with reliable forecasts of trends using data from past and
present trends


Cost Reduction - correct answer ✔Efficiently allocates companies resources
to maximize return and minimize losses

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £11.42. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling

Recently viewed by you

Lecture notes ·

(0)

Psyc305 notes Psychoanalysis

£11.42
  • (0)
  Add to cart