Define Data Mining. Use examples / illustrations to reflect the use of data mining for financial...

Define Data Mining. Use examples / illustrations to reflect the use of data mining for financial statement analysis (600 words).

Expert Solution

Data mining is a process of Analysing and examining available data with the objective of generating new data. In simple means data mining is a process where historical data kept with the intention of forecasting Future. Data Mining is the process of sorting available large data base sets to identify the established issues and solved through data analysis. it is a tool for analysis about the past and predict the future..

Stages of Data Mining:

Examples of Data mining of Financial Statements analysis:

The above example is related to analysis of financial information over a period of time..

jeff jeffy answered 4 months ago

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Question Define big data and data mining. What purpose does collecting huge amounts of data serve?...

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