Assignemnt 3 625

2 pages APA

In this assignment, you will analyze current data mining practices and evaluate the pros and cons of data mining. You will research an example of a company that has successfully practiced data mining to forecast the market and a company that could not leverage data mining effectively to forecast the market.

In your paper,

• Discuss the industry standards for data mining best practices.
• Identify pitfalls in data mining, including practices that should be avoided.
• Provide an example of a company that has successfully practiced data mining to forecast the market.
  • Explain the company’s forecasting model.
  • Describe how they deployed these data mining practices, the insights they gleaned, and the outcomes they achieved.
• Provide an example of a company that experienced a failure in data mining that led to an incorrect market forecast.
  • Explain the company’s forecasting model.
  • What pitfalls did the organization fall into?
  • Explain which data mining best practice(s) they could have implemented instead to avoid this failure.