Data Mining Techniques

The leading introductory book on data mining, fully updated and revised! When Berry and Linoff wrote the first edition of Data Mining Techniques in the late 1990s, data mining was just starting to move out of the lab and into the office and has since grown to become an indispensable tool of modern business. This new edition more than 50% new and revised is a significant update from the previous one, and shows you how to harness the newest data mining methods and techniques to solve common business problems. The duo of unparalleled authors share invaluable advice for improving response rates to direct marketing campaigns, identifying new customer segments, and estimating credit risk. In addition, they cover more advanced topics such as preparing data for analysis and creating the necessary infrastructure for data mining at your company. Features significant updates since the previous edition and updates you on best practices for using data mining methods and techniques for solving common business problems Covers a new data mining technique in every chapter along with clear, concise explanations on how to apply each technique immediately Touches on core data mining techniques, including decision trees, neural networks, collaborative filtering, association rules, link analysis, survival analysis, and more Provides best practices for performing data mining using simple tools such as Excel Data Mining Techniques, Third Edition covers a new data mining technique with each successive chapter and then demonstrates how you can apply that technique for improved marketing, sales, and customer support to get immediate results.

The leading introductory book on data mining, fully updated andrevised!When Berry and Linoff wrote the first edition of Data MiningTechniques in the late 1990s, data mining was just starting tomove out of the lab and into the office and has since grown tobecome an indispensable tool of modern business. This newedition--more than 50% new and revised-- is asignificant update from the previous one, and shows you how toharness the newest data mining methods and techniques to solvecommon business problems. The duo of unparalleled authors shareinvaluable advice for improving response rates to direct marketingcampaigns, identifying new customer segments, and estimating creditrisk. In addition, they cover more advanced topics such aspreparing data for analysis and creating the necessaryinfrastructure for data mining at your company.* Features significant updates since the previous edition andupdates you on best practices for using data mining methods andtechniques for solving common business problems* Covers a new data mining technique in every chapter along withclear, concise explanations on how to apply each techniqueimmediately* Touches on core data mining techniques, including decisiontrees, neural networks, collaborative filtering, association ruleslink analysis, survival analysis, and more* Provides best practices for performing data mining using simpletools such as ExcelData Mining Techniques, Third Edition covers a new datamining technique with each successive chapter and then demonstrateshow you can apply that technique for improved marketing, sales, andcustomer support to get immediate results.

Introduction xxxviiChapter 1 What Is Data Mining and Why Do It? 1Chapter 2 Data Mining Applications in Marketing and Customer Relationship Management 27Chapter 3 The Data Mining Process 67Chapter 4 Statistics 101: What You Should Know About Data 101Chapter 5 Descriptions and Prediction: Profi ling and Predictive Modeling 151Chapter 6 Data Mining Using Classic Statistical Techniques 195Chapter 7 Decision Trees 237Chapter 8 Artifi cial Neural Networks 281Chapter 9 Nearest Neighbor Approaches: Memory-Based Reasoning and Collaborative Filtering 321Chapter 10 Knowing When to Worry: Using Survival Analysis to Understand Customers 357Chapter 11 Genetic Algorithms and Swarm Intelligence 397Chapter 12 Tell Me Something New: Pattern Discovery and Data Mining 429Chapter 13 Finding Islands of Similarity: Automatic Cluster Detection 459Chapter 14 Alternative Approaches to Cluster Detection 499Chapter 15 Market Basket Analysis and Association Rules 535Chapter 16 Link Analysis 581Chapter 17 Data Warehousing, OLAP, Analytic Sandboxes, and Data Mining 613Chapter 18 Building Customer Signatures 655Chapter 19 Derived Variables: Making the Data Mean More 693Chapter 20 Too Much of a Good Thing? Techniques for Reducing the Number of Variables 735Chapter 21 Listen Carefully to What Your Customers Say: Text Mining 775Index 821