Data Mining Is the Process of Analysing Data to Find

question 56

Short Answer

Data mining is the process of analysing data to find hidden patterns and discover new insights not offered by the raw ___________ alone.

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Definitions:

Direct Materials

Essential parts that directly contribute to the fabrication of particular merchandise or services.

Product Cost

The total amount incurred to manufacture a product, including direct materials, labor, and overhead expenses.

Machine Operator's Wages

Compensation paid to employees who operate machinery as part of the production process, typically considered direct labor costs.

Direct Labor

The work of factory employees that can be directly associated with converting raw materials into finished goods.