Examlex

Solved

Evaluate the Role of Data Mining as an Analysis Tool

question 61

Essay

Evaluate the role of data mining as an analysis tool in government agencies.Also include a note on limitations of data mining and ways to improve its effectiveness.


Definitions:

Investment

The allocation of resources, usually money, in order to gain profitable returns as interest, income, or appreciation in value.

Present Value

The present worth of a future amount of money, or sequence of cash flows, taking into account a certain return rate, employed in discounting to evaluate investment prospects.

Interest Factor

A multiplier used to calculate the total interest that will accrue on an investment or loan based on the interest rate and time period.

Calculated

The result of mathematically determining a number or value through a prescribed process or formula.

Related Questions