Which of the following statements is/are correct regarding application of data mining techniques (A) Predicting future trends based on information available (B) Electronic data interchange (C) Analysing demographic information about customers (D) Credit risk analysis Choose the correct answer from the options given below:?

(B) and (D) only
(A), (B), (C) and (D) only
(A), (B) and (D) only
(A), (C) and (D) only

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : (A), (C) and (D) only

The correct answer is (A), (C) and (D) only

Data Mining:

Data mining is a process used to find patterns and relationships in huge data sets that may be used to assist solve business challenges.
Enterprises can forecast future trends and make more educated business decisions thanks to data mining techniques and technologies.
Data mining is a crucial component of data analytics as a whole and one of the fundamental fields in data science, which makes use of cutting-edge analytics methods to unearth valuable information in data sets.

From the given option, the following statements are true regarding data mining:

Predicting future trends based on information available
Analysing demographic information about customers
Credit risk analysis

5 views Answered 2022-09-04 04:29

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