What is a predictive model and what is it for
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A predictive model analyzes customer behavior within a business context to forecast future actions. It is developed through a training process using observed customer data and utilized to predict behavior via a scoring process. Scoremind offers predictive models on demand across various global locations.
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What is a predictive model and what is it for
- 1. What is predictive model, and what is it for? Analytics on demand
- 2. how does it work? First, you train the model with your customer behavior in your business context: Then every month, you will be able to predict how your customer are most likely to behave in the near future:
- 3. how a predictive model is developed The model is created using customer’s data (observed behavior) in a process called training process.
- 4. how a predictive model is used With a customer profile (observed data) we can predict the customer’s expected behavior. This is called scoring process.
- 5. scoremind, predictive models on demand
- 6. www.scoremind.com Scoremind Europe Scoremind Americas Downtown Lytton Avenue 530 Lytton Avenue 2nd Floor Palo Alto, California 94301 United States [email_address] Scoremind Asia Shanghai Silver Centre Silver Centre, 1388 Shaan Xi North Road Shanghai 200060 China [email_address] Scoremind Europe Puerta de las Naciones Ribera del Loira 46 Campo de las Naciones Madrid 28042 Spain [email_address]