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predicting influence on behavior.
Eric Siegel • Predictive Analytics
kept a keen eye on the underlying response models and how they could be improved. Companies
Eric Siegel • Predictive Analytics
Their PA projects include customer loss prediction, sales lead scoring, and supplier fraud detection.
Eric Siegel • Predictive Analytics
PA actually “rolls up,” learning patterns that hold true in general by way of rote number crunching across the masses of customer records.
Eric Siegel • Predictive Analytics
His background included research determining which medical treatment will provide the best outcome for each patient, and which price will provide the best profit from each retail customer. At
Eric Siegel • Predictive Analytics
These behaviors are often the most valuable—it’s always a behavior that we seek to predict, and indeed behavior predicts behavior.
Eric Siegel • Predictive Analytics
with most applications of predictive analytics (PA), Eric and Karrie’s system repurposes data.
Eric Siegel • Predictive Analytics
care. For many PA projects, the objective is more to predict than it is to understand the world and figure out what makes it tick.