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:

Resource Price

The cost associated with obtaining resources required for production, such as raw materials, labor, or capital.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to buy at a given price in a given time period.

Substitute Resources

Alternative resources that can be used in place of another for the production of goods and services.

Resource

A source or supply from which benefit is produced, typically natural, human, or capital resources used to produce goods and services.