Students apply award-winning data mining techniques

A team comprised of Waterloo management engineering students Helen Jiang and Sally Lee, and math students Larry Xing and Jonathan Yim took first place in the University of Waterloo Capital One Data Mining Cup held November 24. The goal of the competition was to apply data mining techniques to the problems associated with approving credit card applications and setting spending limits. The winning team used a simple but effective strategy of predicting customer spending patterns using decision trees and least-squares linear regression. The students were mentored by Lukasz Golab, a management sciences professor.