Some basic examples
In the world of gaming, slot machines (a gambling machine operated by inserting coins into a slot and pulling a handle that determines the payoff) are quite popular. Most slot machines today are electronic and therefore are programmed to continuously track its activity. This provides an opportunity for our first example.
Testing slot machines for profitability
The owners of the casino want to use this data (as well as various supplementary data) to drive adjustments to their profitability strategy. In other words, what makes for a profitable slot machine? Is it the machine's theme or its type? Are newer machines more profitable (than older ones)? What about the physical location of the machine? Are lower denomination machines really profitable?
The following information is being collected:
The Location of the slot machine
Denomination in nickel, quarter, dollar, and so on
Month of the year
The Weekday
Machine Type such as 4 Reel, 5 Reel, Progressive, and so on
Theme of the...