Data Mining Refers to the Exploration, Aggregation, and Analysis of Large

question 172

True/False

Data mining refers to the exploration, aggregation, and analysis of large quantities of varied data from across the organization to better understand an organization's business processes, trends within these processes, and potential opportunities to improve the effectiveness and/or efficiency of the organization.

---

Definitions:

Rate of Interest

The percentage charged on a loan or paid on savings over a period of time, indicating the cost of borrowing or the gain on savings.

Invested

Refers to funds that have been allocated into assets or projects with the expectation of earning a return.

Worth

The total value of all financial and non-financial assets owned by an individual or business minus any liabilities.