1. Prediction as Data Mining Task
Theoretical Understanding
Prepared by
Huan Truong
Omer Demir

2. Outline What is Data Mining? Data Mining Process
Predictive Data Mining
Neural Network
Decision Tree

3. What is Data Mining Knowledge discovery
Computer-assisted process of digging through and analyzing enormous sets of data
Extracting the meaning of the data

4. Data mining Process

5. Predictive Data Mining
The most common type of data mining
The most direct business applications
Data mining projects with the goal to identify a statistical or neural network model or set of models that can be used to predict some response of interest.

6. Neural Network
Analytic techniques modeled after the (hypothesized) processes of learning in the cognitive system and the neurological functions of the brain and capable of predicting new observations (on specific variables) from other observations (on the same or other variables) after executing a process of so-called learning from existing data

7. What does a neural net look like?

8. How does a neural net make a prediction?