What is predictive modelling, Database Management System

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Problem:

(a) Data mining is one of the best ways to analyse data and using software techniques, hidden and unexpected patterns and relationships in sets of data can be extracted.

(i) What is Predictive Modelling and describe the two techniques associated with this model.

(ii) Describe link analysis and the three specializations of link analysis.

(iii) Data mining being relatively a new technology, what advantages would a Commercial Bank achieved for implementing such a technique. Provide relevant Examples.

(iv) To better exploit data mining what are the pre-requisites for a data warehouse.


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