Chapter 9.9, Problem 9.9ARQ

Explanation of Solution

Function of Credit Card approval application:

The main function of credit card approval application is to check for unusual pattern in the user’s recent purchase and notify the user asking him to verify personally if any unusual purchase pattern is spotted as a data mining pattern is integrated into credit card’s agency purchase approval process.

Data storage in Credit Card approval application:

The data in credit card approval application are stored in CPU processors as data storage is free and Data mining techniques are designed and implemented on the stored data.

Mention how the unsupervised data could spiral out of control of humans:

It is generally observed that a data miner extracts a data set and inputs it into an unsupervised data mining application for analysis.

• The application then searches through the data to find patterns, trends and other business intelligence report.
• But cases may arise when the BI applications become sophisticated enough to replace the BI analyst due to advance technology in Machine Learning and Artificial Intelligence...