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What is meant by data mining, and why must technical analysts be careful not to engage in it?
Solution
Verified: Conversion of Raw Data which is available from different sources and channels into useful information known as data mining. This is done by the using software which look pattern in huge database and try to draw results from the raw data. So ultimately by data Mining we can anticipate the behavior of consumer and can redraw the marketing strategy to increase the profitability of business by increasing consumption. So Data mining is analysis of Behavioral Pattern for Costumers. Technical Analyst must not engage in data mining because the analyst capability to discern the judgment is far better or more humane than the data mining, so making the better judgment technical analyst must not be involved in data mining.
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