Continuous Variable
Constructs
Data Mining for Effective Risk Assessment
Data Mining Methods in Business
Data Mining
Cost Analysis
Develop Effective Pricing Models
Predictive Analytics
Constructs 
particularly in the field of business analytics and data analysis, the term "construct" refers to an abstract concept or
variable that is used to measure or represent a phenomenon
...Dynamic Nature: Constructs can change over time due to shifts in consumer behavior or market conditions, requiring
continuous reassessment
...
Data Mining for Effective Risk Assessment Regression Predicts a
continuous outcome
variable based on one or more predictor variables
...
Data Mining Methods in Business optimal number of clusters Sensitive to outliers Regression Regression analysis is a statistical method used to predict a
continuous outcome
variable based on one or more predictor variables
...
Data Mining social network analysis Regression A statistical method used to predict a
continuous outcome
variable based on one or more predictor variables
...
Cost Analysis Variable Cost Analysis: Focuses on costs that vary directly with production levels, such as raw materials and labor
...Process Costing Used in industries where production is
continuous, costs are averaged over units produced
...
Develop Effective Pricing Models Cost Structure The total cost incurred in producing and delivering a product, including fixed and
variable costs
...Monitor and Adjust:
Continuously analyze market conditions and customer feedback to refine pricing strategies
...
Predictive Analytics (K)
Predictive Models Predictive analytics employs several types of models, including: Regression Analysis: Used to predict a
continuous outcome
variable based on one or more predictor variables
...
Data Mining Techniques for Monitoring Performance Regression Regression analysis is used to predict a
continuous outcome
variable based on one or more predictor variables
...
Data Mining Techniques Summary Regression Regression analysis is used to model the relationship between a dependent
variable and one or more independent variables
...It helps in predicting
continuous outcomes based on input data
...
Data Mining for Decision Making Regression: Predicting a
continuous outcome
variable based on one or more predictor variables
...
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