1. Use the CRISP-DM model to organize your analysis. Give a brief overview of th

Question

1. Use the CRISP-DM model to organize your analysis. Give a brief overview of the CRISPDM model, then use each of the steps in the CRISP-DM model as a section in your report with descriptive text and screenshots (where appropriate) of your work developing your model and your analysis results. Some steps will have brief coverage; some will have extensive coverage. Don’t assume any prior knowledge on the part of the reader of your report – EXPLAIN EVERYTHING. Conclude your report with a recommendation of which of the 25 customers should be extended credit (you can use a table for that if you like).

(ps) I have the excel file with the 400 entries... Also we are using Rapid Miner to find out results.

Explanation / Answer

Deployment is the place for data mining pays off. In the phase of the Cross-Industry Standard Process for Data Mining (CRISP-DM) process.

Inventory of resources: A list of the resources is available to project. These may include just data miners, but also with expert knowledge of the business problem, data managers, technical support, data, hardware, and software.

Requirements, assumptions, and constraints: Requirements will include for completion, legal and security obligations, and requirements for acceptable finished work. This is verify that you’ll have access to appropriate data.

Risks and contingencies: Identify causes that could delay completion of the project, and prepare a contingency plan for each of them. Internet outage in your office could pose a problem, perhaps could be to work at another office until the outage has ended.

Terminology: Create a business terms and data-mining terms that are relevant to project and write them down in a glossary with definitions so that everyone involved in the project can have a common understanding of those terms.

Costs and benefits: Prepare a cost-benefit analysis for the project. Try to state all costs and benefits in dollar (euro, pound, yen, and so on) terms. If the benefits don’t significantly exceed the costs, stop and reconsider this analysis and your project

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