This article, an excerpt from Java Data Mining: Strategy, Standard, and Practice by Mark F. Hornick, Erik Marcade, Sunil Venkayala (Morgan Kaufman, 2007), introduces data mining concepts for those new ...

This article is published by AllBusiness.com, a partner of TIME. What is "Data Mining?" Data mining is the process of extracting useful patterns, correlations and insights from large datasets using ...

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 ...