What Makes Data Mining an Important Business Tool? What Types

question 28

Essay

What makes data mining an important business tool? What types of information does data mining produce? In what type of circumstance would you advise a company to use data mining?

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Definitions:

Metal Bars

Long, typically rigid pieces of metal of various cross-sectional shapes, used in construction and manufacturing.

Learned Helplessness

is a condition in which a person suffers from a sense of powerlessness, arising from persistent failure to succeed or lack of control over their environment.

Seligman

A psychologist known for his work in positive psychology and studies on learned helplessness and optimism.

Cognitive Process

The mental activities related to thinking, understanding, learning, and remembering.