Explore the different truths (and lies) about data mining. Understanding the limitations and opportunities data mining provides gives you a better understanding of what you can do as an analyst or what to expect from data mining as a manager.
Tasks
Data mining has been used in analyzing data since the 1990s. The term has been surrounded by many myths and facts. Perform a search on the Internet and write a short paper listing the myths and your thoughts on why each myth is invalid (or valid). Focus on the facts that help managers make decisions and try to address myths related to decision making.
Sample Solution