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Business Modeling and Data Mining / Edition 1
     

Business Modeling and Data Mining / Edition 1

by Dorian Pyle
 

ISBN-10: 155860653X

ISBN-13: 9781558606531

Pub. Date: 05/01/2003

Publisher: Elsevier Science

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,

Overview

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.

· Teaches how to discover, construct and refine models that are useful in business situations
· Teaches how to design, discover and develop the data necessary for mining
· Provides a practical approach to mining data for all business situations
· Provides a comprehensive, easy-to-use, fully interactive methodology for building models and mining data
· Provides pointers to supplemental online resources, including a downloadable version of the methodology and software tools.

Product Details

ISBN-13:
9781558606531
Publisher:
Elsevier Science
Publication date:
05/01/2003
Series:
Morgan Kaufmann Series in Data Management Systems Series
Pages:
650
Product dimensions:
1.47(w) x 7.50(h) x 9.25(d)

Table of Contents

Part I: A Map of the Territory: The World, Knowledge and Models. Translating Experience. Modeling and Mining: Putting It Together. Part II: Business Modeling: What is a Model? Framing Business Models. Getting the Right Model. Getting the Model Right. Deploying the Model. Part III: Data Mining: Getting Started. What Mining Tools Do. Getting the Initial Model: Basic Practices of Data Mining. Improving the Mined Model. Deploying the Mined Model. Part IV: Methodology: Methodology. Resources.

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