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Text Mining Supplemental Resources on Class Website Big Data Concept Map Text Mining Design: Accuracy Relative Cell References Data Mining Implementation Import Search, Left, Right, Mid, Len, & Objectives ▪Define Big Data, Text Mining and Data Mining ▪Demonstrate Excel features that support text mining. Facebook Users ▪1.28 billion users worldwide ▪802 million users login daily (up 21%) ▪67% of Internet users are on FB ▪50% of 18-24 year olds login when they wake up ▪45-54 year old age group has grown 46% Facebook Content ▪4.5 billion likes daily (up 67%) ▪30 million photos uploaded daily ▪1 in 5 page views in US ▪36% users post brand-related content on their walls King of Social Media ▪FB accounts for 66% of social media sharing on iPhones ▪Users with income over $75,000 Facebook Twitter Pinterest 73% 17% 13% Facebook & e-commerce ▪10 million registered small businesses ▪Drives 26% of referral traffic to ecommerce sites ▪20% of shoppers prefer buying thru FB vs. e-commerce website ▪58% of businesses see a drop in marketing costs when moving to FB Big Data ▪Data sets too large to process with traditional database technology https://www.ted.com/talks/ kenneth_cukier_big_data_is_ better_data Data Mining Tools ▪ software that searches through data ▪ uses complex statistical calculations ▪ outputs ▪ Trends ▪ Patterns ▪ Correlations ▪ Exceptions Nestle ▪Nestle processes Social Media http://uk.reuters.com/article/video/idUKBRE89P07Q20 121026?videoId=238680321 Import ▪Access data not formatted as an Excel document ▪File type = txt or csv Import – Step 1 ▪ File, Open, File type = All files http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html Import – Step 2 http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html Import – Step 3 ▪ Save As File type = Excel Worksheet http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html Text Mining ▪ Search ▪ SEARCH ▪ Parse ▪ LEFT, MID, RIGHT, LEN ▪ Concatenate ▪& SEARCH Function http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html LEFT Function http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html LEN or Length Function http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html RIGHT Function http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html MID Function http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html Concatenate ▪& is the concatenate symbol ▪Quotes are required around constant strings of text http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html Relative Cell Addressing ▪Relative is the default ▪When you copy a relative cell reference the reference will change depending on the direction and magnitude of the copy. Copy Formula with Relative Cell Addresses Paste Special - Values MAC: Edit Menu, Paste Special http://www.lacoste.pamplin.vt.edu/web1504/resources/video/ss.html