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.

---

Definitions:

Customer Needs

The recognized necessities, desires, or preferences of consumers that a company aims to fulfill with its products or services.

Corporate Philanthropy

The act of a corporation donating resources, including money, time, or products, to non-profit organizations or causes for the social good.

Employee Engagement

The degree to which workers are enthusiastic about their roles, dedicated to their employer, and willingly go above and beyond in their tasks.

Project ROI

Stands for "Return on Investment" in a project context, measuring the profitability of an investment compared to its cost.