Business Modeling and Data Mining

Business Modeling and Data Mining

4.11 - 1251 ratings - Source

Business Modeling and Data Mining demonstrates how real world business problems can be formulated so that data mining can answer them. The concepts and techniques presented in this book are the essential building blocks in understanding what models are and how they can be used practically to reveal hidden assumptions and needs, determine problems, discover data, determine costs, and explore the whole domain of the problem. This book articulately explains how to understand both the strategic and tactical aspects of any business problem, identify where the key leverage points are and determine where quantitative techniques of analysis -- such as data mining -- can yield most benefit. It addresses techniques for discovering how to turn colloquial expression and vague descriptions of a business problem first into qualitative models and then into well-defined quantitative models (using data mining) that can then be used to find a solution. The book completes the process by illustrating how these findings from data mining can be turned into strategic or tactical implementations. Am Teaches how to discover, construct and refine models that are useful in business situations Am Teaches how to design, discover and develop the data necessary for mining Am Provides a practical approach to mining data for all business situations Am Provides a comprehensive, easy-to-use, fully interactive methodology for building models and mining data Am Provides pointers to supplemental online resources, including a downloadable version of the methodology and software tools.... (EB) methodology, 89, 273, 540, 659a€“664 Excel (Microsoft) for sample data worksheets, 361, 659 execution in decision-framing process, ... 267, 269 defined, 177 loops, system diagrams, 177-182 in systems, 50a€“51 in systems metaphor, 177a€“187, 178a€“182 feedforward in ... variable in physical system metaphor, 188 force in physical system metaphor, 191-193 forecasting in P*TQ system, 219 forestcastanbsp;...

Title:Business Modeling and Data Mining
Author:Dorian Pyle
Publisher:Morgan Kaufmann - 2003-05-17


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