as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain what is data mining
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data mining involves extracting patterns and insights from large amounts of data. it is a process that utilizes both machine learning algorithms and statistical methods to analyze vast data sets to identify meaningful trends and relationships. data mining can be used to make predictions and provide insights about customer behaviors, outcomes, and other business decisions.
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