Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner
Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner
3rd Edition
ISBN: 9781118729274
Author: Galit Shmueli, Peter C. Bruce, Nitin R. Patel
Publisher: WILEY
Expert Solution & Answer
Book Icon
Chapter 2, Problem 1P

a.

Explanation of Solution

Given: The following statement:

Based on the financial as well as demographic data, decide whether a loan should be issued to an applicant or not.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is supervised learning. To issue a loan, an applicant is already registered in their database. The particular applicant has similar data present in the database with reference to both the demographic data and financial data. Thus, after verification of the financial data as per the loan policies, it evaluates whether the loan has been approved or not.

b.

Explanation of Solution

Given: The following statement:

Based on the buying patterns in prior transactions, make recommendations to the customers regarding additional items to buy.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is unsupervised learning. The online bookstore recommends various types of books to the customers which will not provide any possible outcome whether the recommendation was followed or not.

c.

Explanation of Solution

Given: The following statement:

Recognize the risk of data packet in network based on comparison to the other packets whose status is well-known.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is supervised learning. The network data packet can easily be recognized as dangerous (hacker attack, virus) or safe if the status of other packets is known.

d.

Explanation of Solution

Given: The following statement:

Identification of similar customer segments.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is unsupervised learning. In this, the dependency of an outcome is not known. To identify the segment, unsupervised learning is used so that it can easily be utilized and classify the new customers and its segments with the help of supervised learning.

e.

Explanation of Solution

Given: The following statement:

To forecast whether a company might go bankrupt on the basis of financial data from similar bankrupt and non-bankrupt companies.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is supervised learning as both the companies are comparing the financial data of both bankrupt and nonbankrupt firms, and the status of similar companies is known.

f.

Explanation of Solution

Given: The following statement:

Predict the recovery time of an aircraft depending on a trouble ticket.

 

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is supervised learning. It analyzes both the historical repairs and actual repair concerning which part is having a similar repair.

g.

Explanation of Solution

Given: The following statement:

The automated mail sorting by scanning the zip code.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is supervised learning. In scanning the zip code, it is likely to have the knowledge regarding whether the sorting was correct or not.

h.

Explanation of Solution

Given: The following statement:

Generate the personalized discount coupons based on the products that have been purchased recently and previously on the grocery store.

To find: Whether the data mining techniques to be used belong to supervised or unsupervised learning.

Solution:

The given statement acknowledges that it is unsupervised learning. In this, the purchase may vary in the grocery store where the future prediction of purchase is not cleared as compared to the previous purchases.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Refer to page 75 for graph-related problems. Instructions: • Implement a greedy graph coloring algorithm for the given graph. • Demonstrate the steps to assign colors while minimizing the chromatic number. • Analyze the time complexity and limitations of the approach. Link [https://drive.google.com/file/d/1wKSrun-GlxirS3IZ9qoHazb9tC440 AZF/view?usp=sharing]
Refer to page 150 for problems on socket programming. Instructions: • Develop a client-server application using sockets to exchange messages. • Implement both TCP and UDP communication and highlight their differences. • Test the program under different network conditions and analyze results. Link: [https://drive.google.com/file/d/1wKSrun-GlxirS31Z9qo Hazb9tC440AZF/view?usp=sharing]
Refer to page 80 for problems on white-box testing. Instructions: • Perform control flow testing for the given program, drawing the control flow graph (CFG). • Design test cases to achieve statement, branch, and path coverage. • Justify the adequacy of your test cases using the CFG. Link: [https://drive.google.com/file/d/1wKSrun-GlxirS3IZ9qo Hazb9tC440 AZF/view?usp=sharing]
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Database System Concepts
Computer Science
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:McGraw-Hill Education
Text book image
Starting Out with Python (4th Edition)
Computer Science
ISBN:9780134444321
Author:Tony Gaddis
Publisher:PEARSON
Text book image
Digital Fundamentals (11th Edition)
Computer Science
ISBN:9780132737968
Author:Thomas L. Floyd
Publisher:PEARSON
Text book image
C How to Program (8th Edition)
Computer Science
ISBN:9780133976892
Author:Paul J. Deitel, Harvey Deitel
Publisher:PEARSON
Text book image
Database Systems: Design, Implementation, & Manag...
Computer Science
ISBN:9781337627900
Author:Carlos Coronel, Steven Morris
Publisher:Cengage Learning
Text book image
Programmable Logic Controllers
Computer Science
ISBN:9780073373843
Author:Frank D. Petruzella
Publisher:McGraw-Hill Education