Applied Data Mining

Data mining can be defined as the process of selection, exploration and modelling of large databases, in order to discover models and patterns. The increasing availability of data in the current information society has led to the need for valid tools for its modelling and analysis. Data mining and applied statistical methods are the appropriate tools to extract such knowledge from data. Applications occur in many different fields, including statistics, computer science, machine learning, economics, marketing and finance. This book is the first to describe applied data mining methods in a consistent statistical framework, and then show how they can be applied in practice. All the methods described are either computational, or of a statistical modelling nature. Complex probabilistic models and mathematical tools are not used, so the book is accessible to a wide audience of students and industry professionals. The second half of the book consists of nine case studies, taken from the author's own work in industry, that demonstrate how the methods described can be applied to real problems Provides a solid introduction to applied data mining methods in a consistent statistical framewor Includes coverage of classical, multivariate and Bayesian statistical methodolog Includes many recent developments such as web mining, sequential Bayesian analysis and memory based reasonin Each statistical method described is illustrated with real life application Features a number of detailed case studies based on applied projects within industr Incorporates discussion on software used in data mining, with particular emphasis on SA Supported by a website featuring data sets, software and additional materia Includes an extensive bibliography and pointers to further reading within the tex Author has many years experience teaching introductory and multivariate statistics and data mining, and working on applied projects within industr A valuable resource for advanced undergraduate and graduate students of applied statistics, data mining, computer science and economics, as well as for professionals working in industry on projects involving large volumes of data - such as in marketing or financial risk management. Data sets used in the case studies are available at ftp://ftp.wiley.co.uk/pub/books/giudici