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Author: Admin | 2025-04-28
Predict future customer buying behavior.Descriptive Data MiningClustering and associating data to reveal insights.Descriptive data mining helps a supermarket to group customers based on buying habits.Predictive Data MiningApplying algorithms to predict outcomes.A bank uses predictive data mining to assess the risk of loan defaults.Descriptive Data MiningUncovering hidden patterns in historical data.Through descriptive data mining, a company discovers a correlation between customer age and product preference.Predictive Data MiningUsing statistical models to forecast future trends.Predictive data mining is used to estimate future sales based on current trends.Descriptive Data MiningAnalyzing large datasets to find patterns and relationships.A retailer uses descriptive data mining to identify the most popular products in each season.Predictive Data MiningUtilizing past data to make informed predictions.A healthcare provider uses predictive data mining to anticipate patient admissions.Descriptive Data MiningSummarizing past data to make it understandable.Descriptive data mining reveals that sales increase during holiday seasons.Predictive Data MiningForecasting future events based on historical data.Predictive data mining predicts stock market trends based on past data.What is descriptive data mining?It's the process of analyzing historical data to find patterns and understand past behavior.What is predictive data mining?Predictive data mining uses historical data to make predictions about future events.How do descriptive and predictive data mining differ in purpose?Descriptive focuses on understanding past data, while predictive aims at forecasting future outcomes.What techniques are typical in predictive data mining?It often involves regression, classification, and time series analysis.Is descriptive data mining enough for business decision-making?It provides valuable insights but doesn’t predict future trends, which is often crucial for decision-making.What techniques are used in descriptive data mining?Techniques like clustering, association, and summarization are common.Which is more complex, descriptive or predictive data mining?Predictive data mining is generally more complex due to its forecasting nature.Can predictive data mining work without descriptive data mining?Typically, no. Predictive analysis often relies on the insights gained from
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