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Question

What is a major requirement in the financial area where data mining is applied?

a.

Historical data analysis

b.

Forecasting

c.

Marketing promotions

d.

Credit scoring

Answer: (b).Forecasting Explanation:In the financial area, a major requirement where data mining is applied is forecasting, which includes forecasting stock prices, commodity prices, and potential financial disasters.

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Q. What is a major requirement in the financial area where data mining is applied?

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