Assignment
Problem 1
Select two application areas for data mining NOT discussed in the text book and briefly discuss how data mining is being used to solve a problem (or to explore an opportunity)?.
Problem 2
What is Association Rule Mining? And explain how Market-basket analysis helps retail business to maximize the profit from business transactions?
Problem 3
Discuss k-nearest Neighbor (KNN) learning algorithm. What is the significance of the value of k in k-NN.
Problem 4
Discuss the two estimation methods of classification-type data mining models while considering ANN as a classifier.
Text Book: Business Intelligence and Analytics: Systems for Decision Support by Ramesh Sharda, Dursun Delen and Efraim Turban, TENTH EDITION.