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Unit 3: Classification

3.1 Introduction Classification is the process where a model or classifier is constructed to predict categorical labels of unknown data. Classification problems aim to identify the characteristics that indicate the group to which each case belongs. This pattern can be used both to understand the existing data and to predict how new instances will behave. […]

Chapter 6: Market Strategies: Switching costs and Lock-in

Recognizing Lock-In When the costs of switching from one brand of technology to another are substantial, users face lock-in.  Situation when user is compelled to stick to current brand or product Switching costs and lock-in are ubiquitous in information systems, and managing these costs is very tricky for both buyers and sellers. Examples of lock-in […]

Chapter 5: Entrepreneurial Venture Creation

Very Short Question Answer 1. What is marketing plan? A marketing plan is a business document written for the purpose of describing the current market position of a business and its marketing strategy for the period covered by the marketing plan. 2. What is industry analysis? Industry analysis is a tool that facilitates a company […]

Unit 2: Data Preprocessing

2.1 Data Types and Attributes A data is a known fact that can be recorded and have implicit (imbedded) meaning. For example, the names, eye color, telephone numbers, and addresses of the students of a class. So, data is a collection of data objects and their attributes. A collection of attributes describe an object. Attribute […]

Chapter 7: Deductions Not Allowed

Very Short Questions and Answers 1. State any two expenses not allowed for deduction. The expenses not allowed for deduction are as follows: Fines and penalties are paid to the government or its local bodies for breach of any law regulations. Expenses incurred to derive the tax-exempted amounts or final withholding payments. For example, seeds […]

Chapter 5: Rights Management

Rights Management Rights management is a term for control systems that allow a rights owner to control over information immediately. It enables publishers of information to control what recipients can do with it in order to prevent intellectual property theft, stop unauthorized sharing and piracy. Digital rights management (DRM) It is a systematic approach to copy right protection for digital media. The purpose […]

Unit 1: Introduction | Data Mining and Data Warehousing

Data Mining Databases today can range in size into the terabytes — more than 1,000,000,000,000 bytes of data. Within these masses of data lies hidden information of strategic importance. But when there is such enormous amount of data how could we draw any meaningful conclusion? We are data rich, but information poor. The abundance of […]

Chapter-11: Organizational Change and Development

Very Short Question and Answers 1. State the main forces for organizational change. The major forces for change are enlisted as follows: a) External force: It forces the organization to change. It includes: Nature of the workforce Technology Economic shocks Competition b) Internal force: It forces the organization to adopt change. In includes: Goal change […]