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Data Mining Applications

Andrew Aiello INFS1000 Inglés 8 fichas

Fichas del conjunto (8)

  1. 1What are the 7 data mining applications?Consumer clustering, customer churn, fraud detection, direct marketing, interactive marketing, market basket analysis, trend analysis
  2. 2What is consumer clustering?Identify the common characteristics of customers who tend to buy the same products/ services
  3. 3What is customer churning?Identify the reason customers switch to competitors; predict which customers are likely to do it
  4. 4Fraud detectionIdentify characteristics of transactions that are most likely to be fraudulent
  5. 5What is direct marketing?Identify which prospective clients should be included in mailing lists to obtain the highest response rate
  6. 6What is interactive marketing?Predict what each individual accessing a website is most likely to be interested in seeing
  7. 7What is market basket analysis?Understand what products or services are commonly purchased together, and on what days of the week
  8. 8What is trend analysis?Reveal the difference between a typical customer this month and a typical customer last month

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INFS1000 Fichas sobre Data Mining Applications, creado por Andrew Aiello el 24/11/2019.
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Andrew Aiello
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