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Application of Data Mining methods in analysis of company's activity

Author

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  • Tyurina Dina N.

    (Kharkiv Institute of Finance of the Ukrainian State University of Finance and International Trade)

Abstract

The article considers expediency of application of Data Mining means along with traditional statistical methods of analysis of financial and economic activity of a company for revealing all possible factors that influence upon effectiveness of its functioning by means of solving clusterisation tasks. It shows main advantages of application of Data Mining means in analysis of company's activity. It offers an algorithm of conduction analysis of company's activity, which facilitates significant increase of effectiveness of its activity.

Suggested Citation

  • Tyurina Dina N., 2013. "Application of Data Mining methods in analysis of company's activity," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 3, pages 125-129.
    • Handle: RePEc:idp:bizinf:y:2013:i:3:p:125_129
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