Classification and Clustering are two of the most commonly used data mining techniques that help to analyze large datasets and identify patterns and relationships in the data. Classification is the process of predicting the class of given data points. Clustering is the process of grouping data points into meaningful subgroups (clusters).
Classification and Clustering are both very useful data mining techniques, but have different applications. Classification is used to assign categories to data points, such as assigning a customer to a loyalty program or a transaction to a fraud category. Clustering is used to discover underlying patterns in data points, such as finding customer segments with similar characteristics or identifying groups of transactions with similar behaviour.
Classification and Clustering are both very useful data mining techniques, but have different applications. Classification is used to assign categories to data points, such as assigning a customer to a loyalty program or a transaction to a fraud category. Clustering is used to discover underlying patterns in data points, such as finding customer segments with similar characteristics or identifying groups of transactions with similar behaviour.