Answer the following Question :
Q1. Select two application areas for data mining NOT discussed in the text book and briefly discuss how data mining is being used to solve a problem (or to explore an opportunity)?
Q2. What is Association Rule Mining? And explain how Market-basket analysis helps retail business to maximize the profit from business transactions?
Q3. Discuss k-nearest Neighbor (KNN) learning algorithm. What is the significance of the value of k in k-NN.
Q4. Discuss the two estimation methods of classification-type data mining models while considering ANN as a classifier.