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Advantages offered by Data Mining:
1. Facilitates discovery of knowledge from big, massive data sets.
2. Can be used within dissimilar application areas by Fraud detection, risk assessment , market analysis and customer segmentation etc.
3. Method to develop effective CRM applications.
4. Returns best results when used within data warehouse environment.
5. Used extensively in telecommunications, retail and banking & finance industry.
diagrams of picket fence problem
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How many types of size categories and data classes are there? There are five size categories (0-4) and 11 data classes only three of which are suitable for application tables:
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