We will also work with several variables using the Data Editor to insert data, and we will interpret the results obtained. Finally, we will play with different statistical tools. We will have a quiz at the end of lectures. I may also ask for some homeworks. Data mining is an important analytical tool used by financial institututions such as banks, mortgage companies, real estate, and any business interested in doing analytical research of their current customers and potential customers.
Banks use data mining to find out the risk of the loan applicants.
Every bank will have a department which will be in charge of finding the riskiness involved with their loans. Market research also uses data mining to extract the tastes of potential customers. Open SPSS Application 2. Define Variables a. We need to include a label to differentiate between gender.