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What Is the Purpose of Data Mining? Give Examples of Specific

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What is the purpose of data mining? Give examples of specific applications of data mining.


Definitions:

Fraud Reduction

Initiatives and strategies aimed at minimizing the incidence of deception, typically to prevent financial losses.

Federal Programs

Initiatives or services provided by the federal government to achieve certain policy objectives or provide public services.

Corporate Social Responsibility

The concept that corporations can and should act ethically and be accountable to society for their actions.

Goodwill

In the business context, the valuable reputation of a business viewed as an intangible asset.

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