Question

discuss one of the data mining tools and how it can be used in the auto industry?

Answer 1

You can use various data mining techniques to predict the price if an auto mobile based on it's features and brand:

1. Regression analysis to predict the price based on factors

2. Principal component analysis to reduce the dimentionality of data

Regression is a method of predicting a particular variable based on several independent variable.

Principal component analysis is way step added in regression to reduce the number of independent variable while predicting the same in such a way that most of the information is obtained.