Data Mining is the process of extracting meaningful information from huge amounts of data. It is used to analyze large datasets to identify patterns, trends and correlations that may not be immediately obvious. There are four main data mining techniques:
1. Clustering is the process of grouping data points into clusters based on their similarity. Clustering can be used to identify customer segments or to detect anomalies.
2. Classification is a technique used to assign data points to predefined categories. It can be used to identify customer segments, detect fraudulent activity or classify documents.
3. Association Rule Mining is a technique used to find relationships between data points. It can be used to identify items that are frequently purchased together or to recommend products to customers.
4. Regression Analysis is a technique used to identify the relationships between variables. It can be used to predict future trends or to identify factors that influence customer behavior.
1. Clustering is the process of grouping data points into clusters based on their similarity. Clustering can be used to identify customer segments or to detect anomalies.
2. Classification is a technique used to assign data points to predefined categories. It can be used to identify customer segments, detect fraudulent activity or classify documents.
3. Association Rule Mining is a technique used to find relationships between data points. It can be used to identify items that are frequently purchased together or to recommend products to customers.
4. Regression Analysis is a technique used to identify the relationships between variables. It can be used to predict future trends or to identify factors that influence customer behavior.