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each outcome from the data, then this is more like the problems considered by data mining. However, in this specific case, solu-tions to this problem were developed by mathematicians a long time ago, and thus, we wouldn't consider it to be data mining. (f) Predicting the future stock price of a company using historical records. Yes.

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data mining should have been called "knowledge mining" instead. Nevertheless, data mining became the accepted customary term, and very rapidly a trend that even overshadowed more general terms such as knowledge discovery in databases (KDD) that describe a more complete process. Other similar terms referring to data mining are: data

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Data Mining Techniques 3 Fig. 1. The data mining process. In fact, the goals of data mining are often that of achieving reliable prediction and/or that of achieving understandable description. The former answers the question what", while the latter the question why". With respect to the goal of reliable prediction, the key criteria is that of ...

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XLMiner is a comprehensive data mining add-in for Excel, which is easy to learn for users of Excel. It is a tool to help you get quickly started on data mining, ofiering a variety of methods to analyze data. It has extensive coverage of statistical and data mining techniques for classiflcation, prediction, a–nity analysis, and data ...