Banking Computers Science IBPS Bank Clerk CWE Main Exam 01-01-2017

  • question_answer
    A process known as ____ is used by large retailers to study trends.

    A)  data mining      

    B)  data selection

    C)  POS                

    D)  data conversion

    E)  data inversion

    Correct Answer: A

    Solution :

    [a] Data mining is the process of collecting and then critically analyzing that data for business and commercial purposes. It is the computational process of discovering patterns in large data sets involving methods at the intersection of artificial intelligence, machine learning, statistics, and data base systems. The overall goal of the data mining process is to extract information from a data set and transform it into  an understandable structure for further use.


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