Chapter 13, Problem 23RQ

Explanation of Solution

Description of data mining and predictive analytics:

• Data mining is a tool for analyzing the data.
  • It is used for analyzing the data from different views and shortened into the useful information.
  • In other words, it can be said data mining is a process that helps in finding patterns or correlations between multiple fields in severe relational databases.
• Predictive analytics is one of the formats related to advanced data analytics used for predicting the future outputs with required efficiency.
  • It uses the different types of techniques to predict the future outputs of data by analyzing it.
  • The techniques include data mining, statistics, modeling, machine learning, artificial intelligence and many others.
  • It is used to improve the customer based service by predicting the requirements. For example, a hotel can predict the number of customers will accommodate on certain day or weekend...