Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Paraphrase this one. Analyze and elaborate in 97 words.
Before venturing into the realm of predictive analytics, it is imperative for organizations to have distinct objectives or problems awaiting resolution. Without well-defined goals, the process of data mining may culminate in a misallocation of valuable resources. Beginning with a generalized approach—where all available data is indiscriminately mined—might lead astray. The true value of predictive analysis emerges from targeted inquiries into known issues.
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