Data mining methods - Samenvattingen, Aantekeningen en Examens

ISA 235 Final Exam Miami University - Mo - Fall 2024 Rated A+ Data raw facts that describe the characteristics of an event or object Information data converted into a meaningful and useful context Business Intelligence information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making Knowledge includes the skills, experience, and expertise, coupled with i...

big data - Answer-sets of data that are to large to be gathered and alayszed by traditional methods 5 Vs of big data - Answer-volume variety velocity veracity value volume - Answer-far larger (consumes more storage space) than traditional data stores variety - Answer-much of the data exists in multiple unstructured (this is defined later) formats velocity - Answer-speed at which the data arrives and the rate of evolution veracity - Answer-the completeness and accuracy is far less tradit...

big data - Answer-Sets of data that are too large to be gathered and analyzed by traditional methods. law of large numbers - Answer-A mathematical principle stating that as the number of similar but independent exposure units increases, the relative accuracy of predictions about future outcomes (losses) also increases. data mining - Answer-The analysis of large amounts of data to find new relationships and patterns that will assist in developing business solutions. text mining - Answer-Obt...

marketing research a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision makers involved in marketing goods, services, or ideas secondary data pieces of information that have already been collected from other sources and usually are readily available primary data data collected to address specific research needs sample a group of customers who represent the customers of interest in a research s...

Lack of Organization and Lack of Sponsor Support What are some of the main reasons that projects fail? Hacking Skills, Math and Statistics, and Domain Expertise What is the Venn Diagram for Data Science? Discovery Define Goals, Ask Questions, Develop a Problem Statement, Organize Resources Data Acquisition Gather Data through API's, Open Data, Passive Data, and internal/external sources Data Exploration Make Visualizations, Summaries, Re-categorize cases, combin...

Federal Rules of Civil Procedure - A set of rules established to ensure that civil actions and procedures move through the United States district courts as quickly as possible Expert System method - A method of setting reserves with a software application that estimates losses and loss adjustment expenses Contributory Negligence - A common-law principle that prevents a person who has been harmed from recovering damages if that person's own negligence contributed in any way to the harm Acc...

TEST BANK for Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th edition Ramesh Sharda, Dursun Delen and Efraim Turban. ISBN-13: 9780137305711. An Overview of Business Intelligence, Analytics, and Data Science Descriptive Analytics I: Nature of Data, Statistical Modeling, and Visualization Descriptive Analytics II: Business Intelligence and Data Warehousing Predictive Analytics I: Data Mining Process, Methods, and Algorithms Predictive Analytics II: Text, Web, and ...

. What is Data analytics? -The process of encrypting data to keep it secure -The process of storing data in a secure location for future use -The process of analyzing data to extract insights -The process of collecting data from various sources: The process of analyzingdata to extract insights. (Data analytics involves analyzing data to extract insights and inform decision-making. This includes using various techniques and tools to explore, clean, transform, and model data and visualize an...

TEST BANK/Solution Manual for Analytics, Data Science, & Artificial Intelligence: Systems for Decision Support 11 Edition ISBN 9780135172940, 0135172942 by Ramesh Sharda, Dursun Delen and Efraim Turban. All14 Chapters Updated TABLE OF CONTENT PART I: INTRODUCTION TO ANALYTICS AND AI 1. An Overview of Business Analytics, Decision Support Systems, Business Intelligence, Data Science, and Artificial Intelligence 2. Artificial Intelligence: Concepts, Drivers, Major Technologies, and Business Applica...

WGU - Introduction to Analytics D491 Exam Questions With 100% Verified Answers What is data analytics? - The process of analyzing data to extract insights - The process of encrypting data to keep it secure - The process of storing data in a secure location for future use - The process of collecting data from various sources - answerThe process of analyzing data to extract insights What is data science? - The practice of using statistical methods to extract insights from data - A field ...