Data Mining Is a Process of Using Sophisticated Statistical Techniques

question 51

True/False

Data Mining is a process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known.

---

Definitions:

NCI

Non-Controlling Interest, which refers to the ownership in a subsidiary not held by the parent company, represented in the equity section of the consolidated financial statements.

Liability

A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.

Partly Owned Subsidiaries

Subsidiaries that are not wholly owned by the parent company, implying the existence of minority or non-controlling interests.

Ownership Interests

Rights or claims to assets and earnings, often associated with the holding of equity or shares in a company.