Explain supervised data mining

What will be an ideal response?

With supervised data mining, data miners develop a model prior to the analysis and
apply statistical techniques to data to estimate parameters of the model. For example, suppose
marketing experts in a communications company believe that cell phone usage on weekends is
determined by the age of the customer and the number of months the customer has had the cell
phone account. A data mining analyst would then run an analysis that estimates the impact of
customer and account age. One such analysis, which measures the impact of a set of variables on
another variable, is called a regression analysis.

Business

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Which of the following is not a common disclosure for inventories?

a. Inventory composition. b. Inventory location. c. Inventory financing arrangements. d. Inventory costing methods employed.

Business

What is the first step in the IMC Planning Process? Describe the components

What will be an ideal response?

Business