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Question

What are the primary data mining applications in the banking industry?

a.

Weather prediction and crop analysis

b.

Fraud detection, risk assessment, trend analysis, and direct marketing

c.

Fashion trend forecasting

d.

Social media analytics

Answer: (b).Fraud detection, risk assessment, trend analysis, and direct marketing Explanation:The primary data mining applications in the banking industry include fraud detection, risk assessment of potential customers, trend analysis, and direct marketing.

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Q. What are the primary data mining applications in the banking industry?

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