Data Mining Is About Analyzing as Much Information as Possible

question 75

True/False

Data mining is about analyzing as much information as possible about customers and potential customers to develop micro-segments.

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Definitions:

Historic Causality

The investigation and understanding of cause and effect as they relate to historical events and developments.

Historical Constants

Features or factors within society that remain largely unchanged over time, serving as a foundation for understanding historical dynamics.

Formal Rationality

This concept illustrates the rationale characterized by an explicit and systematic adherence to codified standards and logical assessment processes, particularly within bureaucratic institutions.

Quantified Focus

The emphasis on measurable or quantifiable aspects of a subject, often employing statistics and data analysis to understand and assess phenomena.