Decision Support and Business Intelligence Systems‚ 9e (Turban) Chapter 7 Text and Web Mining 1) DARPA and MITRE teamed up to develop capabilities to automatically filter text-based information sources to generate actionable information in a timely manner. ANSWER: ??? Diff: 2 Page Ref: 288 2) A vast majority of all business data are captured and stored in structured text documents. ANSWER: ??? Diff: 2 Page Ref: 289 3) Text mining is important to competitive advantage because knowledge
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Business Intelligence Strategy at Canadian Tire The Retail group has just sent me another quick win request‚ stated Michael Eubanks‚ director of marketing information technology (IT)‚ as he walked into his meeting with Andy Wnek‚ chief information officer (CIO) of Canadian Tire Corporation (CTC). That’s the second one this week‚ and I have heard whispers about more. Dealing with these quick wins is going to make it difficult to redevelop the business intelligence (BI) infrastructure. That’s
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Overview: Chapter 2 Data Mining for Business Intelligence Shmueli‚ Patel & Bruce Core Ideas in Data Mining Classification Prediction Association Rules Data Reduction Data Visualization and exploration Two types of methods: Supervised and Unsupervised learning Supervised Learning Goal: Predict a single “target” or “outcome” variable Training data from which the algorithm “learns” – value of the outcome of interest is known Apply to test data where value is not known and will be predicted
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Intelligence The study of individual differences in ability in psychology is one of the very oldest areas of psychology. Test assessing individual differences in mental ability have been of great practical value in occupational‚ industrial and educational psychology. The psychology of ability is one of the 4 main branches of individual differences‚ the others being personality‚ mood‚ and motivation. The term “mental ability” or “intelligence” is used to describe a person’s performance on some
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COMPONENTS OF MANAGEMENT INFORMATION SYSTEM Hardware Input and output devices constitute the hardware components of MIS. Software The programs and applications that convert data into machine-readable language are known as software. Procedures Procedures are sets of rules or guidelines‚ which an organization establishes for the use of a computer-based information system. Personnel The computer experts‚ managers‚ users‚ analysts‚ programmers‚ database managers‚ and many other computer professionals
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Effective telephone techniques in business Part A – Research Phone calls in English for non-native speakers are much more difficult than talking to people face to face. Maybe it’s because you can’t read the person’s expressions or get cues about their meaning from their gestures. And of course as non-native speakers‚ it is sometimes difficult for us to understand accents and slang properly and that’s why you are already nervous before the call starts. Preparing in advance for a phone call in
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Retail Business Intelligence: A Work in Progress Benchmark Report 2012 Nikki Baird & Steve Rowen‚ Managing Partners October 2012 Sponsored by: Executive Summary Rapid shifts in consumer behavior and proliferation of new channels are forcing retailers to cope with new data sources‚ new ways of looking at analytics and new analytics capabilities‚ like high performance databases and visualization techniques. Add in new form factors‚ like tablets and smart phones‚ and a discipline that is theoretically
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Concepts 4.0 Program Evaluation and Review Technique (PERT/CPM) This concept is taken from Module 8 (”Planning- II”)‚ Block 1(’ Organization‚ planning and staffing’). PERT is a project management tool employed in scheduling‚ organizing and coordinating various tasks within an organizational project. It is mainly a method use to analyze various tasks involved in accomplishing an identified project in respect to the time required to complete each of the task‚ and also to find out the least time required
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1. Decision support systems and business intelligence The repaid changing and increasingly complex business environment drive companies to operate innovatedly. However‚ these situations require the company to make more important decisions that need a substantial amount of data‚ information and knowledge.Norfolk southern has set an expample by taking advantage of data warehousing technologies to support decision making and gain success. This kind of computerized support used by Norfolk southern
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Business Ethics Concepts and Cases Ethics means the behavior and actions of an individual or organization leading to the common good of the society and company. The best way to begin the discussion of business ethics is by looking at how real companies have incorporated ethics into their operation. Merck and Company a well-known name in the pharmaceutical industry resolved the issue of disease called river blindness. River blindness was a disease prominent on the river coast in the third world countries
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