Applications of Predictive Modelling
  • Reads 4
  • Votes 0
  • Parts 1
  • Time <5 mins
  • Reads 4
  • Votes 0
  • Parts 1
  • Time <5 mins
Ongoing, First published Sep 20, 2021
CRM Solutions uses customer-level models to predict buying persona of customers based on their historical, and present data. Or, you may need to find out the possibility of a customer buying a product according to the price points. Analysis of such present and historical data and creating a model to predict the upcoming outcomes of a product or service is called Predictive Modelling. 

Applications of Predictive Modelling

Predictive modeling is also called predictive analytics or predictive analysis and is mainly used in risk management, direct marketing and CRM, collection analytics, and so on. 

Let's look at how it is used:

Auto insurance: It identifies the risk of accidents to policyholders.
Fraud detection systems: Predictive modeling is used to determine high-risk transactions. It is also used to predict the possibility of customers terminating her/his services.
All Rights Reserved
Sign up to add Applications of Predictive Modelling to your library and receive updates
or
#12predictiveanalytics
Content Guidelines
You may also like
The AI Horizon: Navigating the Future of Humanity by Abhishek_0456
1 part Complete Mature
Discover the boundless world of Artificial Intelligence in this captivating and insightful book that takes you on a journey through the evolution, impact, and ethical considerations of AI. From its nascent beginnings to its transformative role in contemporary society, this book delves deep into the heart of AI, offering a comprehensive exploration of its principles, challenges, and boundless potential. As you turn the pages, you'll be immersed in the world of AI, uncovering how it's revolutionizing industries, education, healthcare, and much more. Through the lens of ethical innovation, you'll learn about the crucial principles of transparency, fairness, and accountability that guide responsible AI development. The human-AI partnership takes center stage as the book delves into the exciting realm of collaboration, coexistence, and co-creation. You'll understand how AI can empower individuals, enhance creativity, and address global challenges. At the same time, you'll gain insights into the critical role of ethics, governance, and public engagement in shaping a future where AI benefits all. Join us on this captivating journey through the world of AI, where the possibilities are as vast as the challenges. Whether you're an AI enthusiast, developer, policymaker, educator, or simply curious about the technology shaping our future, this book invites you to be a part of the conversation. Together, let's ensure that AI becomes a force for good, leading us towards a brighter and more ethically conscious future. "Artificial Intelligence: Shaping the Future" is your window into the ever-evolving world of AI and the profound impact it has on our lives, industries, and the world. Get ready to explore, learn, and envision the AI-driven future that awaits us.
You may also like
Slide 1 of 9
TEAM ÁLFA [S2] cover
The AI Horizon: Navigating the Future of Humanity cover
A Naughty Proposal♡💍 cover
BEHIND THE SCENES OF: DREAMING cover
Kiss my tears away (Kimhan/Porchay, KimChay) cover
 A Game Of Fate cover
22:59 cover
Beyond The Bell cover
Artificial Intelligence in Everyday Life: How It's Changing Your World  cover

TEAM ÁLFA [S2]

8 parts Ongoing

Oftentimes, your expectations are susceptible to being ruined, your best isn't always the greatest, and what appears to be can be deceiving. Manipulative schemes and deceitful individuals who seem to be harmless. Pieces with different roles. Only those who have the top-tier mind games will win. That's how the game works.