List and Briefly Describe the Six Steps of the CRISP-DM

question 24

Essay

List and briefly describe the six steps of the CRISP-DM data mining process.

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Definitions:

Installment

A method of paying for goods or services or repaying a loan through regular, scheduled payments.

Accounting Equation

The basic formula of double-entry accounting: Assets equal Liabilities plus Equity.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Equity, representing the financial position of a business.

Liabilities

Financial obligations or debts owed by a business to another entity, payable in the future.