Data mining

Data mining

1. It is the process of searching large databases to find useful information that is useful for decision making

   • The fundamental basis of this is that these patterns help decision making.
   • Advantage
     • Prediction
       • Sales Forecast
     • Probability
       • Selection of better options
     • Sequence analysis
       • Product analysis and an interrelation between them
   • Stages or steps
     • 5. Model Update
       • Requires periodic control of it
     • 4. Análisis y revisión de resultados
       • Explanation that facilitates decision making based on the information provided
     • 3. Model Selection
       • it's about creating a model or algorithm that gives us the best possible result
         • linear regression
         • decision tree
         • neural network
     • 2. Data processing and management
       • It requires selecting the representative sample on which the analysis is to be performed.
         • Analyze what type of variables or regression model will be performed on the sample.
     • 1. Objective and data collection