Explain how data mining could be used to research poor performance or big changes in performance of your selected KPI.

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Learning Goal: I’m working on a algorithms & data structures question and need an explanation and answer to help me learn.OverviewIn this assignment, you will conduct research for a Key Performance Indicator (KPI) to determine which potential statistical, analytical, or data mining software and procedures may be used for data mining on this KPI, and you will write an essay that describes your research and includes sample code for data mining.As you learned in previous weeks of this course, there are recommended or best practice KPIs in various industries. Once an organization has identified a KPI, and has initially analyzed and created reporting for that KPI, the organization continues to monitor performance on that KPI. When unexpected performance changes occur on that KPI, further analysis needs to be completed to understand the factors and variables that are contributing to that unexpected performance. As advanced analytical methods are adopted by more and more industries and organizations, they have begun to turn to data mining methods for evaluating performance and researching performance issues on those KPIs. As a data analyst or data scientist, you will need to understand how to identify KPIs and code the manipulations and calculations for them. Going beyond that, you also will identify which data mining methods might be appropriate for researching unexpected KPI performance changes, and determine how to conduct those methods using your organization’s selected statistical, analytical, or data mining software.InstructionsTo complete this assignment, conduct research and write a paper based on the following steps:Select an industry-standard KPI for an industry of your choice. This KPI could be the same as the one you selected for your previous assignment or a different one.
Explain how data mining could be used to research poor performance or big changes in performance of your selected KPI.
Choose one specific data mining method and describe how that method, specifically, might be used to investigate performance changes or poor performance on your selected KPI.
Research on the Internet to find what statistical, analytical, or data mining software and procedures might be used for your specified data mining method.
Include sample code, a description of how the code might be used, and supporting references, where appropriate.
Your assignment will be scored on the following criteria:Identify key performance indicators.
Explain how data mining methods can be used to research unexpected performance on a key performance indicator.
Recommend appropriate software and procedures for using data mining to evaluate and improve performance on a key performance indicator.
Recommend performance measurements and a management plan for improvement.
Cite reliable external sources that explain or justify a viewpoint or recommendation.
Refer to the Data Mining and KPIs Scoring Guide for more details.Additional RequirementsWritten communication: Written communication is free of errors that detract from the overall message.
Length of paper: 4–6 typed double-spaced pages.
Resources: At least three scholarly resources. Include a reference page at the end of the paper.
APA guidelines: Double-spaced paragraph formatting in the body of the paper. When appropriate, use APA-formatted headings. Resources and citations are formatted according to current APA style and format. See Evidence and APA.
Font and font size: Times New Roman, 11 point fon
Requirements: 4-6 pages

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