R is a popular programming language for statistics. data mining applications range from commercial to social domains, with novel applications appearing swiftly; for example, within the context of social networks. present- day data data mining is a growing demand on real world data mining pdf the market as the world is generating data at an increasing pace. the relation between the quality of a data mining system and the amount of investment that the decision maker is willing to make was formalized by providing an economic perspective on the value of “ extracted knowledge” in terms of its payoff to the organization this decision- theoretic classification framework was applied to pdf a real- world.
the expanding application sphere and social reach of advanced data mining raise pertinent issues of privacy and security. it is very useful for day- to- day data analysis tasks. data mining is a very broad topic and takes some time to learn.