Complete the following assignment in one MS word document:
Chapter 7 –discussion questions #1-4 (page # 456) & Application Case 7.8 on page # 447. Please answer the two case questions on page 450, integrating concepts and examples from that case.
discussion questions #1-4
1. Explain the relationship among data mining, text mining, and sentiment analysis.
2. In your own words, define text mining, and discuss its most popular applications.
3. What does it mean to induce structure into text-based data? Discuss the alternative ways of inducing structure into them.
4. What is the role of NLP in text mining? Discuss the capabilities and limitations of NLP in the context of text mining.
Questions for Application Case 7.8
1. How can social media analytics be used in the consumer products industry?
2. What do you think are the key challenges, potential solutions, and probable results in applying social media analytics in consumer products and services firms?
When submitting work, be sure to include an APA cover page and include at least two APA formatted references (and APA in-text citations) to support the work this week.
All work must be original (not copied from any source).
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analytics-data-science-artificial-intelligence-systems-for-decision-support-11th-edition.pdf
USEFUL NOTES FOR:
1. Explain the relationship among data mining, text mining, and sentiment analysis.
Introduction
Data mining is the process of discovering patterns and trends in large datasets, which can then be used to make predictions about new data. The three main types of data mining are text mining (also known as natural language processing), sentiment analysis and machine learning.
Data Mining
Data mining is the process of extracting patterns from data. It involves detecting correlations between variables, and it’s used to find hidden patterns in data, which can then be used to make predictions about future events.
Data mining has been around for decades, but only recently has the field advanced enough to become mainstream, thanks to advances in technology like artificial intelligence (AI). In fact, AI has already begun replacing human workers in many areas such as healthcare and finance by performing tasks more efficiently than humans could do alone! This means that there will soon be fewer jobs available for humans—but fortunately there are still plenty left if you know how to use your talents wisely!
Text Mining
Text mining is a process that extracts information from unstructured text.
In short, it’s the process of finding patterns within large amounts of unstructured data. The most popular techniques include:
Natural Language Processing (NLP): Using machine learning and neural networks to recognize words, phrases, and concepts in text. For example, NLP can determine if two sentences are referring to the same person or place by comparing them with other sentences where these words are used together; this would allow you to better understand what is being said in your customer’s message if you were analyzing their emails!
Information Retrieval: Exploring databases for relevant information using keywords or phrases as search terms; this allows us to find answers when there may not be any answers available online yet!
Sentiment Analysis
Sentiment analysis is the process of applying natural language processing and text analytics to extract subjective information from text. Sentiment analysis is used in market research, customer feedback, online reviews and social media.
Sentimental analysis can be classified into two types: structural and linguistic sentiment classification. Structural sentiment classification involves using machine learning algorithms to analyze patterns in a large corpus of texts by looking for certain commonalities between them (e.g., words or phrases). The output from this type of approach is usually an indicator score that represents how positively or negatively a piece of text sounds based on its content; linguistic sentiment classification focuses on lexical features such as word choice or sentence structure rather than syntactic features like grammar rules—it therefore yields more accurate results than structural approaches but requires more training data
Takeaway:
Data mining is a field that has been around for more than 25 years and it has become an important part of many industries. Data mining can be used to analyze large amounts of data, such as text or images, in order to find patterns or trends within them. Text mining is another term used for this process where you extract information from textual sources such as documents or emails. Sentiment analysis involves identifying the sentiments expressed in text based on key words and phrases which are then scored according to how positive/negative they are (the higher their score, the more positive).
Conclusion
Data mining is the process of finding patterns and trends in data that can be used for decision-making. In text mining, we learn about words and phrases by looking at their frequency of occurrence in documents. Sentiment analysis is a way to automatically analyze the tone of a piece of text by measuring its emotional content.
USEFUL NOTES FOR:
1. Explain the relationship among data mining, text mining, and sentiment analysis.
Introduction
Data mining is a process that can be used to find relationships between variables in a data set, such as how the weather affects the sale of ice cream. Text mining, on the other hand, focuses on free-form text rather than numerical quantities. Sentiment analysis involves taking free-form text as input and identifying subjective information within it like opinions about entities and their attributes. This article will explain these terms and how they’re related to each other in order to help you understand what’s going on when someone posts something on Facebook or Twitter!
Data mining is the process of applying statistical and machine learning techniques to a data set in order to find patterns.
Data mining is the process of analyzing data to find patterns, trends and correlations. It’s also called knowledge discovery in databases (KDD), and it can be applied to large sets of structured or unstructured information.
The goal of data mining is to extract useful information from large datasets that have been collected for other purposes. Data mining techniques are used for finding relationships between variables based on their distributions or structure; predicting future events based on past ones; classifying objects into categories according to certain rules; detecting anomalies within an existing database; etc.,
Text mining is the application of the principles of data mining to the domain of free text.
Text mining is the process of analyzing text to uncover patterns, trends, and other useful information. Text mining is a subset of data mining and can be used for many purposes, including market research and customer profiling.
Data mining is the application of statistical methods to large amounts of data in order to discover new patterns or relationships among it that weren’t previously evident. This involves several distinct phases: data collection; cleaning up your dataset (removing noise); finding relevant features (elements) within your dataset; training models on those features; testing these models against new datasets (to see if they work).
Sentiment analysis is a task in text mining that involves taking free text as input and identifying subjective information within it, especially opinions about entities and their attributes.
Sentiment analysis is a task in text mining that involves taking free text as input and identifying subjective information within it, especially opinions about entities and their attributes. Sentiment analysis is a particular area of applied data mining, but it has become more important in recent years because of advances in machine learning techniques.
Text mining, including sentiment analysis, is a particular area of applied data mining.
Text mining, including sentiment analysis, is a particular area of applied data mining. It involves extracting useful information from text such as news or articles and then using that information in the real world. Sentiment analysis is an important part of this process because it allows you to understand the moods or opinions of people who have interacted with your product or service.
Data mining can be used for many purposes besides text mining (e.g., social network analysis). However, sentiment analysis tends to focus on specific topics like politics and sports news instead of more general ones like business articles about companies’ operations/products/services on blogs etc..
Conclusion
These three fields of data mining are closely related because they all involve finding patterns in text. Text mining is the process of using statistical and machine learning techniques on text data, while sentiment analysis involves taking free text as input and identifying subjective information within it, especially opinions about entities and their attributes. This article has explained how these three areas work together, so now you can think about which one might be right for your project!