Database Reference
In-Depth Information
To summarize, clustering is a classification analysis, where we do not start with a
specific target in mind (good/bad; will buy/will not buy), and hence referred to as un-
supervised analysis.
Optimization
Optimization, in simple terms, is a mechanism to make something better or define a
context for a solution that makes it the best.
Let us take an example of a production scenario. There are two machines that pro-
duce the desired product; but one machine requires more energy with a high speed
in production and lower raw materials, while the other requires higher raw materials
and lesser energy to produce the same output within the same time. It is important to
understand the patterns in the output based on the variation in inputs; a combination
that gives highest profits would probably be the one, the production manager would
want to know. You, as an analyst, will identify the best possible way to distribute the
production between the machines that gives him the highest profit. The below figure
shows a point of highest profit when a graph was plotted for various distribution op-
tions between the two machines, the goal of this technique is to identify this point.
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