Describe text analytics and understand need for text mining


Paper Assignment

1. How does prescriptive analytics relate to descriptive analytics?

2. Excel is probably the most popular spreadsheet software for PCs. Why?

3. What can we do with this package that makes it so attractive for modeling efforts?

4. Define data mining as an enabling technology for business analytics and understand the objectives and benefits of data mining.

5. Become familiar with the wide range of applications of data mining

6. Learn the standardized data mining processes

7. Learn different methods and algorithms of data mining

8. Build awareness of the existing data mining software tools

9. Understand the privacy issues, pitfalls, and myths of data mining

10. Describe text analytics and understand the need for text mining

11. Differentiate among text analytics, text mining, and data mining and the application areas for text mining

12. Know the process of carrying out a text mining project

13. Describe sentiment analysis

14. Develop familiarity with popular applications of sentiment analysis

15. Learn the common methods for sentiment analysis

16. Become familiar with speech analytics as it relates to sentiment analysis

17. Understand the applications of prescriptive analytics techniques

18. Understand the basic concepts of analytical decision modeling and understand the concepts of analytical models for selected decision problems

19. Describe how spreadsheets can be used for analytical modeling and solutions

20. Explain the basic concepts of optimization and when to use them

21. Explain what is meant by sensitivity analysis, what-if analysis, and goal seeking

22. Understand the concepts and applications of different types of simulation and understand potential applications of discrete event simulation

Format your assignment according to the give formatting requirements:

1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.

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Business Management: Describe text analytics and understand need for text mining
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