Question

Explain the Life cycle of Data Mining projects?

Answer 1

The life cycle of Data mining projects:

• Business understanding: Understanding projects objectives from a business perspective, data mining problem definition.
• Data understanding: Initial data collection and understand it. 
• Data preparation: Constructing the final data set from raw data.
• Modeling: Select and apply data modeling techniques.
• Evaluation: Evaluate model, decide on further deployment.
• Deployment: Create a report, carry out actions based on new insights.