Data mining is a process of examining and exploring data using statistical and algorithmic techniques to extract useful information and meaningful knowledge. Data mining is used in a variety of fields, including artificial intelligence, machine learning, data mining, statistics and social sciences.
Data mining involves collecting, cleaning and organising data for further analysis. Statistical and algorithmic analysis techniques are then applied to discover patterns, relationships and trends in the data. These techniques may include exploratory data analysis, descriptive analysis, correlation analysis, regression analysis, clustering analysis, time series analysis, among others.
In the context of artificial intelligence and machine learning, data mining is used to train machine learning models and validate their performance in different situations. In addition, data mining can also be used to evaluate and improve the performance of machine learning models in real-life situations.
Data mining is an essential part of artificial intelligence and machine learning, as it provides valuable information for decision making and predictive modelling.
GAMCO's forecasts point to an increase of at least 10% in the percentage of "non-performing loans" to individuals over the next five years.
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