Identify case studies and white papers about data mining

Assignment Help Computer Engineering

Reference no: EM133701240

Discussion Post: Data Mining

Define data mining. Why are there many names and definitions for data mining?

Exercise

I. Visit teradatauniversitynetwork website. Identify case studies and white papers about data mining. Describe recent developments in the field of data mining and predictive modeling.

II. This exercise introduces you to association rule mining. The Excel data set baskets1ntrans.xlsx has around 2,800 observations/records of supermarket transaction products data. Each record contains the customer's ID and products that they have purchased. Use this data set to understand the relationships among products (i.e., which products are purchased together). Look for interesting relationships and add screenshots of any subtle association patterns that you might find. More specifically, answer the following questions.

Which association rules do you think are most important?

Based on some of the association rules you found, make at least three business recommendations that might be beneficial to the company. These recommendations can include ideas about shelf organization, up-selling, or cross-selling products. (Bonus points will be given to new/innovative ideas.)

What are the Support, Confidence, and Lift values for the following rule?

Reference no: EM133701240

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