Data Mining Uses Supercomputers That Run Sophisticated Programs So That

question 78

Essay

Data mining uses supercomputers that run sophisticated programs so that analysts can combine different databases to understand relationships among buying decisions.At times these operations are so complex that companies need to build a data warehouse simply to store the data and process it.Select one real world company.How do you feel that the company would utilise a data warehouse? Explain your answer.

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Definitions:

Finance Charges

The cost of borrowing money, including interest and other fees.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects cash from its credit sales by comparing net credit sales with the average accounts receivable.

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Net Sales

The total revenue from sales of goods or services, less returns, allowances for damaged or missing goods, and discounts.