What Makes Data Mining an Important Business Tool? What Types

question 28

Essay

What makes data mining an important business tool? What types of information does data mining produce? In what type of circumstance would you advise a company to use data mining?

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Definitions:

Job Characteristics Model

A theory that proposes jobs should be designed to include tasks that lead to employee motivation, satisfaction, and performance by focusing on five core job dimensions.

Psychological States

The mental conditions that influence how individuals feel, think, and behave at any given time.

Scores

Quantitative expressions used to measure or evaluate performance, achievements, or conditions.

Job Characteristics Model

The Job Characteristics Model is a theoretical framework proposing that five core job dimensions impact employee motivation, satisfaction, and performance, including skill variety, task identity, task significance, autonomy, and feedback.