Although
you may already have some idea about which types of modeling are most appropriate for your organization’s needs, now is
the time to make some firm decisions about which ones to use. Determining the most appropriate model will typically be
based on the following considerations:
· The
data types available for mining. For
example, are the fields of interest categorical (symbolic)?
· Your
data mining goals. Do
you simply want to gain insight into transactional data stores and unearth interesting purchase patterns? Or do you
need to produce a score indicating, for example, propensity to default on a student loan?
· Specific
modeling requirements. Does
the model require a particular data size or type? Do you need a model with easily presentable results?
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