Data Mining Uses Sophisticated Statistical and Mathematical Techniques to Perform

question 7

True/False

Data Mining uses sophisticated statistical and mathematical techniques to perform what-if analyses,to make predictions,and to facilitate decision making.

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Definitions:

Nontraditional Alternatives

Innovative or unconventional options or solutions that differ from the standard or traditional choices.

Specific Needs

The distinct requirements or preferences of a customer or client that must be met by a product or service to ensure satisfaction.

Customer Profile Sheet

A document containing detailed information on a company's or salesperson's ideal customer, including demographic data, buying preferences, and behavior patterns.

Mailing List

A collection of email addresses or postal addresses used by individuals or organizations to send information, updates, or promotional material to multiple recipients simultaneously.