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FOR3705 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED R50,00   Add to cart
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FOR3705 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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  • July 18, 2024
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  • 2023/2024
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FOR3705
Assignment 1 Semester 2 2024
Unique Number: 668838
Due Date: 12 August 2024

QUESTION 1

Data mining is the process of analyzing large datasets to identify patterns, trends, and
relationships that can inform decision-making. It involves using various techniques from
statistics, machine learning, and database management to extract valuable information from
vast amounts of data. Data mining helps in discovering hidden patterns, correlations, and
insights that are not immediately obvious, allowing businesses and researchers to make data-
driven decisions. Applications of data mining include market analysis, fraud detection, customer
relationship management, and scientific research. By transforming raw data into useful
information, data mining enables organizations to enhance their strategic planning and
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