Real-world predictive data mining (classification or regression) problems are often cost sensitive, meaning that different types of prediction errors are not equally costly. While cost-sensitive ...

A guide to what data mining is, how it works, and why it's important. Big data is everywhere we look these days. Businesses are falling all over themselves to hire 'data scientists,' privacy advocates ...

Predictive analytics is the practical result of Big Data and business intelligence (BI). What do you do when your business collects staggering volumes of new data? Today's business applications are ...