In a minimum of Fourteen Thousand Words analyze data mining and include the following: Explain the importance of data mining, and examine its…

In a minimum of Fourteen Thousand Words analyze data mining and include the following:

·        Explain the importance of data mining, and examine its implementation in real-world scenarios.

·        Summarize the misconceptions of data mining.

·        Critique the confusion of data mining with Online Analytical Processing (OLAP).

·        Analyze the importance of statistical analysis and machine learning techniques in data mining.