Data mining as a process.

Fundamentally, data mining is about processing data and identifying patterns and trends in that information so that you can decide or judge. Data mining principles have been around for many years, but, with the advent of big data, it is even more prevalent. Big data caused an explosion in the use of more extensive data … Continue reading Data mining as a process.


What Is Time Series?

A time series is a sequence of numerical data points in successive order. In investing, a time series tracks the movement of the chosen data points, such as a security’s price, over a specified period of time with data points recorded at regular intervals. There is no minimum or maximum amount of time that must … Continue reading What Is Time Series?

Application Of Clustering Algorithm.

1) Clustering Algorithm in Identifying Cancerous Data Clustering algorithm can be used in identifying the cancerous data set. Initially we take known samples of  cancerous and non cancerous data set. Label both the samples data set. We then randomly mix both samples and apply different clustering algorithms into the mixed samples data set (this is known as … Continue reading Application Of Clustering Algorithm.

What Is Transactional Data ?

Transactional data is information recorded from transactions and can be financial or work-related. Retailers capturing information on customers purchasing habits have valuable transactional data which allows them to cater to the whims of their customers. For instance, point-of-sale transactional data allows a retailer to glean shopping-behaviour data during certain weather conditions.