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SEMMA is an acronym that stands for Sample, Explore, Modify, Model, and Assess. It is a list of sequential steps developed by SAS Institute, one of the largest producers of statistics and business intelligence software. It guides the implementation of data mining applications. [1]
However, SAS Institute clearly states that SEMMA is not a data mining methodology, but rather a "logical organization of the functional toolset of SAS Enterprise Miner." A review and critique of data mining process models in 2009 called the CRISP-DM the "de facto standard for developing data mining and knowledge discovery projects."
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A patent is an exclusionary right – preventing others from entering the market – and so its effect may be to increase the patent proprietor's income from that market. The major economic effect is the exclusivity period of the patent rights, when exploitation pays back for the enterprise that funded research and development .
Indeed many alternative models exist in econometrics, marketing, sociometrics and other fields, including utility maximization, optimization applied to consumer theory, and a plethora of other identification strategies which may be more or less accurate depending on the data, sample, hypothesis and the particular decision being modelled.
The United States Patent Office used to publicly display the models of approved patents. [4] This collection of models suffered two major fires- one in 1836, and another in 1877. The 1877 fire destroyed 75,000 patent models. [5] In 1908, the Patent Office donated just over 1,000 patent models to United States National Museum. [6] The remaining ...
Business method patents are a class of patents which disclose and claim new methods of doing business. This includes new types of e-commerce, insurance, banking and tax compliance etc. Business method patents are a relatively new species of patent and there have been several reviews investigating the appropriateness of patenting business methods.
Prior to Abell’s model, it was common to define a business either through its resource capabilities or its programs of activity, such as with a product/market grid. [3] According to his book, Defining the Business, Abell suggests the previous two-dimensional definitions were insufficient, and instead created a three-dimensional analysis.