Innovation and Creativity for Data Mining Using Computational Statistics

In this digital world, a set of information about the real-world entities is collected and stored in a common place for extraction. When the information generated has no meaning, it will convert into meaningful information with a set of rules. Those data have to be converted from one form to another form based on the attributes where it was generated. Storing these data with huge volume in one place and retrieving from the repository reveals complications. To overcome the problem of extraction, a set of rules and algorithms was framed by the standards and researchers. Mining the data from the repository by certain principles is called data mining. It has a lot of algorithms and rules for extraction from the data warehouses. But when the data is stored under a common structure on the repository, the values derived from that huge volume are complicated. Computing statistical data using data mining provides the exact information about the real-world applications like population, weather report, and probability of occurrences.