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Predictive Analytics in Commerce
Jesus Hilario Alvarez Manzanilla
16 May 2016, 12:43 AM
Chapters 4 › Blow us Away With Your Model!:
Blow us Away With Your Model!
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Blow us Away With Your Model!
Step 1. Build the best possible model
Nienke has challenged you to build the best possible model, so let’s do that! In this link you can find the two functions, gainLiftChart and glmNextBestVariable, that help you create the best possible model.
Step 2. Visualise your model
Creating a model is important, but communicating the outcome of the model is also important. That’s why we want to challenge you to visualise the outcomes of the model on a poster to inform your colleagues about the profile of the customers with a high probability to buy. In this way they can set up a relevant action to approach these customers.
This poster does not necessarily need to be a piece of white paper, it can also be a powerpoint, a dashboard, whatever you feel comfortable with.
Share your visualisation with the community, let us know where you struggled the most and also what you enjoyed the most about this assignment!
The Next Best Possible Model for the Insurance company SureR
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The Next Best Possible Model for the Insurance company SureR
Where I struggled the most building the next best model was interpretation of the variables. Because I don't know the data for example family structureMarried variable is difficult for me to interpret what exactly means.