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Data reduction is the transformation of numerical or alphabetical digital information derived empirically or experimentally into a corrected, ordered, and simplified form. . The purpose of data reduction can be two-fold: reduce the number of data records by eliminating invalid data or produce summary data and statistics at different aggregation levels for various applications
Instance selection (or dataset reduction, or dataset condensation) is an important data pre-processing step that can be applied in many machine learning (or data mining) tasks. [1] Approaches for instance selection can be applied for reducing the original dataset to a manageable volume, leading to a reduction of the computational resources that ...
The difference between data analysis and data mining is that data analysis is used to test models and hypotheses on the dataset, e.g., analyzing the effectiveness of a marketing campaign, regardless of the amount of data. In contrast, data mining uses machine learning and statistical models to uncover clandestine or hidden patterns in a large ...
Data management comprises all disciplines related to handling data as a valuable resource, it is the practice of managing an organization's data so it can be analyzed for decision making. [ 1 ] Concept
Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]
Additionally, organizational performance management data-mining and analytics applications help firms translate company-level goals, such as profit and sales targets, into operational decisions, as workers KPI and required measured effort levels. [7] Market basket analysis has been used to identify the purchase patterns of the Alpha Consumer ...
Principal component analysis (PCA) is a linear dimensionality reduction technique with applications in exploratory data analysis, visualization and data preprocessing. The data is linearly transformed onto a new coordinate system such that the directions (principal components) capturing the largest variation in the data can be easily identified.
In information theory, data compression, source coding, [1] or bit-rate reduction is the process of encoding information using fewer bits than the original representation. [2] Any particular compression is either lossy or lossless. Lossless compression reduces bits by identifying and eliminating statistical redundancy. No information is lost in ...