In this assignment, you will consider the role of the Cross Industry Standard Process for Data Mining (CRISP-DM) model used in analyzing (data mining) data to convert data into knowledge.
According to the CRISP-DM model, data mining is a process that consists of six phases:
- Business Understanding
- Data Understanding
- Data Preparation
Give a brief description of each phase. What are its inputs and outputs? Do you believe all six phases are important to generate a valid model, or do you think we can skip some of them?