Data mining is defined as an information extraction activity whose goal is to discover hidden facts contained in databases.
It refers to finding out new knowledge about an application domain using data on thedomain usually stored in a database. The application domain may be astrophysics, earthscience solar system science.
It’s a variety of techniques to identify nuggets of information or decision making knowledgein bodies of data and extracting these in such a way they can be put to use in the areas suchas decision support, prediction ,forecasting and estimation.
DATA MINING GOALS:
Bring together representatives of the data mining community and the domain sciencecommunity so that they can begin to understand the currents capabilities and researchobjectives of each others communities related to data mining.
Identify a set of research objectives from the domain science community that would befacilitated by current or anticipated data mining techniques.
Identify a set of research objectives for the data mining community that could support theresearch objectives of the domain science community.
DATA MINING MODELS:
Data mining is used to find patterns and relationships in data patterns and relationships in data patterns can be analyzed via 2 types of models.1.Descriptive models: Used to describe patterns and to create meaningful subgroups or clusters.2.Predictive models .Used to forecast explicit values, based upon patterns in known results.**This paper focuses on predictive models.In large databases data mining and knowledge discovery comes in two flavors: