Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Create a cumulative lift chart. Hint #1: Create deciles using the Transform tab then select rank cases. Hint #2: Once you have computed the

1. Create a cumulative lift chart. Hint #1: Create deciles using the Transform tab then select rank cases. Hint #2: Once you have computed the response rate you should sort by response rate (descending). This will put the Decile cells with the highest response rate at the top. Then go ahead and compute lift and cumulative lift. Hint #2: To get a baseline or no model line, you can create a short second data series to plot such as the following: 0% 100 25% 100 50% 100 100% 100 Or you could do what we did in class and simply write in 1s for the no-model for lifts and the same number as Cum. % of customers for gains.

YOU MUST USE IBM SPSS SOFTWARE FOR THIS QUESTION!

IF YOU ARE NOT GOING TO USE IBM SPSS PLEASE DO NOT ANSWER THIS QUESTION!

PROVIDE A SCREENSHOT OF THE CUMULATIVE LIFT CHART IN SPSS!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Financial Macroeconomics And Investment Strategy

Authors: Robert T McGee

1st Edition

1137428394, 978-1137428394

More Books

Students also viewed these Finance questions

Question

Explain the development of human resource management (HRM)

Answered: 1 week ago