Chapter 1

Question 1

Data science & Data mining ?

Answer 1

Data science is the fundamental principles that guide the extraction of knowledge from data.

Data mining is the extraction of knowledge from data.

Question 2

What is Data-driven decision making ?

Answer 2

The practice of basing decisions on the analysis of data rather than purely on intuition.

Question 3

What are the benefits of The Cross Industry Standard Process for Data Mining (CRISP-DM) ?

Answer 3

Systematically extracting useful knowledge from data to solve business problems.
Provide a framework to structure our thinking about data analytics problems.