Which of the Following Conditions Is Essential for Data Mining

question 58

Multiple Choice

Which of the following conditions is essential for data mining to work?

• A) The data must be collected from proprietary sources and not from data aggregators.
• B) The organization must leverage standard relational databases as opposed to inferior hierarchical and analytical databases.
• C) The events in the data should reflect current and future trends.
• D) The data mining software must necessarily incorporate ad hoc reporting tools and dashboards.
• E) The data should have passed the Diehard suite of stringent tests for randomness.

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Definitions:

Credit Customer

A credit customer is a customer who purchases goods or services on credit, agreeing to pay the seller at a later date as specified by the credit terms.

Services

Activities or benefits provided by one party to another, often as a component of economic transactions where physical goods are not exchanged.

Revenue

Income generated from normal business operations, often from the sale of goods and services to customers.

Credit Customer

A customer who purchases goods or services on credit, agreeing to pay at a later specified date.