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Concept explainers
Explanation of Solution
Function of Credit Card approval application:
The main function of credit card approval application is to check for unusual pattern in the user’s recent purchase and notify the user asking him to verify personally if any unusual purchase pattern is spotted as a data mining pattern is integrated into credit card’s agency purchase approval process.
Data storage in Credit Card approval application:
The data in credit card approval application are stored in CPU processors as data storage is free and Data mining techniques are designed and implemented on the stored data.
Mention how the unsupervised data could spiral out of control of humans:
It is generally observed that a data miner extracts a data set and inputs it into an unsupervised data mining application for analysis.
- The application then searches through the data to find patterns, trends and other business intelligence report.
- But cases may arise when the BI applications become sophisticated enough to replace the BI analyst due to advance technology in Machine Learning and
Artificial Intelligence ...
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Chapter 9 Solutions
EBK USING MIS
- Define the major feild of data managment with real life examples?arrow_forwardIn this digital age, the Web is evolving towards a new phase. Some has called it “Web 3.0”. Explosion of data is available everywhere at any time from social media platforms, blogs, wikis, podcast and more. Many of this data are unstructured and posed difficulties to analyse for insight. We have a rich source of data but poor in knowledge. Conversely, the traditional database systems only support for structured data manipulation. Your task is to discuss the challenges and opportunities posed by big data applications for the database management system. Handwritten.arrow_forwardIn this digital age, the Web is evolving towards a new phase. Some has called it “Web 3.0”. Explosion of data is available everywhere at any time from social media platforms, blogs, wikis, podcast and more. Many of this data are unstructured and posed difficulties to analyse for insight. We have a rich source of data but poor in knowledge. Conversely, the traditional database systems only support for structured data manipulation. Your task is to discuss the challenges and opportunities posed by big data applications for the database management system.arrow_forward
- Is Public Outrage Fueling the Big Data Market? What are the two advantages and two disadvantages of the burgeoning area of big data?arrow_forwardIn what ways does today's era of big data provide difficulties from an ethical standpoint?arrow_forward1. What are the similarities and differences between techniques used by data mining and text mining? 2. What are the challenges that emerge in the implementation of natural language processing (NLP) for text-mining purposes?arrow_forward
- What is the difference between the technologies of "data mining" and "OLAP"?arrow_forwardAccording to the Data Mining Systems, what are the steps we must do before we apply the data mining method? Explain these steps with examples.arrow_forwardWhat are the differences between exploratory data analysis (EDA) and hypothesis testing in the realm of data mining, and what is the rationale behind analysts' adoption of EDA?arrow_forward
- Purpose In this lab activity, you will be introduced to the concept of enriching data with SPLUNK. This three-hour course is for knowledge managers who want to use lookups to enrich their search environment. Topics will introduce lookup types and cover how to upload and define lookups, create automatic lookups, and use advanced lookup options. Additionally, students will learn how to verify lookup contents in search and review lookup best practices.arrow_forwardCongratulations! You have been hired to plan databases for the European Union. Your first job assignment is to help the various countries maintain information about their inhabitants. Your model should capture the following information: - In each country, there are provinces, which contain towns. There cannot be two provinces with the same name in a single country. Similarly, there cannot be two towns with the same name in a single province. - People live in towns. Men and women work in a town. Children learn in a school in a town. - A person can be a man, a woman, or a child, and has a first-name, last-name, id, and birthday. Children are considered to be any people under the age of 18. - A man can be married to a woman (polygamy is not allowed, i.e., one man can be married only to one woman). Although the Pope strongly disapproves, divorce, and subsequent remarriage, is possible. - For each marriage, store the date of the marriage and information about who are the children of the…arrow_forwardDiscuss the significance of data mining. Let's see some instances of data mining at work!arrow_forward
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