Uplift Modelling - Introduction

Introduction

Uplift modelling uses a randomised scientific control to not only measure the effectiveness of a marketing action but also to build a predictive model that predicts the incremental response to the marketing action. It is a data mining technique that has been applied predominantly in the financial services, telecommunications and retail direct marketing industries to up-sell, cross-sell, churn and retention activities.

Read more about this topic:  Uplift Modelling

Famous quotes containing the word introduction:

    For better or worse, stepparenting is self-conscious parenting. You’re damned if you do, and damned if you don’t.
    —Anonymous Parent. Making It as a Stepparent, by Claire Berman, introduction (1980, repr. 1986)

    For the introduction of a new kind of music must be shunned as imperiling the whole state; since styles of music are never disturbed without affecting the most important political institutions.
    Plato (c. 427–347 B.C.)

    My objection to Liberalism is this—that it is the introduction into the practical business of life of the highest kind—namely, politics—of philosophical ideas instead of political principles.
    Benjamin Disraeli (1804–1881)