________ involves the use of sophisticated statistical and mathematical techniques such as cluster analysis, automatic interaction detection, predictive modeling, and neural networking.
A) Data management
B) Data accumulation
C) Datamining
D) Target market analysis
E) Data marketing

Question

Quizplus · Accepted Answer

Datamining is the process of extracting useful information and patterns from large datasets using advanced techniques such as cluster analysis, automatic interaction detection, predictive modeling, and neural networking. It helps businesses identify trends, relationships, and hidden patterns in data to make more informed decisions. Data management and accumulation are important components of datamining, but they do not involve the sophisticated statistical and mathematical techniques mentioned. Target market analysis and data marketing are related to using data to understand and target specific customer segments, but they are not the same as datamining.

________ Involves the Use of Sophisticated Statistical and Mathematical Techniques