Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) Justifying the expense of using predictive analytics within a program is extremely important. Given the following information, create a justification for senior leadership to

1.) Justifying the expense of using predictive analytics within a program is extremely important. Given the following information, create a justification for senior leadership to the creation of a predictive analytics model. $1M budget The organization needs to see 10,000 orders as a result Assume response rate of 1% Assume cost per person of $1.00 Assume a lift of 50% can be achieved with 50% less promotion costs

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_2

Step: 3

blur-text-image_3

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

Making Databases Work The Pragmatic Wisdom Of Michael Stonebraker

Authors: Michael L. Brodie

1st Edition

1947487167, 978-1947487161

More Books

Students also viewed these Databases questions

Question

RP-5 What happens in the synaptic gap?

Answered: 1 week ago

Question

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago