Answer:
Data mining refers to the ability of an organization to extract relevant information for a large reservoir of data that belong to its users for the purpose of increasing service/product efficiency.
One example of a company that requires data mining for the success of its business is Amazon. Amazon is categorized by many as an online retail giant. Their Customer-Centric approach to doing business is enhanced by their ability to leverage off historical data to reduce the time spent on resolving customer queries and/or complaints.
Generally, there are four basic data mining functions. They are:
- Prediction Function: This function allows for the owner to spot patterns in behavior and use this as a yardstick to predict for forecast other variables that will enable the increment in the quality of value offered/delivered.
- Function Description: This functionality highlights attributes of a set of data in the database
- Classification Function: This is very close to Function Description only that in this case, it helps in the creation of a model that describes the class or concept of data.
- Association Function: This functionality highlights the relationship between data
The above functions cannot be carried out by data query processing or simple statistical analysis because data mining involves the identification of patterns and relationships using algorithms whilst data query refers to the issuance of instructions in search of specific results.
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Answer:
A Bank is a financial institution that accepts deposits from public and creates a demand deposit while simultaneously makeing loans.
Stakeholders are those groups that have a strong interest in the result of the project or a business.
<h2>What are stakeholders?</h2>
A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.
<h3>Characteristics of stakeholders:</h3>
- It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.
- Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.
Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.
Learn more about stakeholders here: brainly.com/question/6867919
Answer: The correct answer is "a. You may have to tell your accountant to conduct reconciliations to ensure that the rates in the system make sense when compared to actual rates.".
Explanation: Paul should surely recommend that your accountant verify the rates applied in the accounting system have reliability and are correctly related to the actual rates and if not, perform the necessary reconciliations.
The step in which a salesperson meets the customer for the first time is the <u>approach step</u> of the creative selling process.
<h3>Who is a saleperson?</h3>
A salesperson can be defined as the person whose sole reponsibilities is to market and sell a company product to potentials customers or buyers.
When a sales person meet a customer for the first time, the sales person need to first approach the customers before marketing a product to the customer.
Therefore the step in which a salesperson meets the customer for the first time is the <u>approach step.</u>
Learn more about salesperson here:brainly.com/question/25586322
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