Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In my videos on Behavioral Economics, I gave an example of predictive analytics that disregarded psychology ( Target ) and got a negative reaction from

In my videos on Behavioral Economics, I gave an example of predictive analytics that disregarded psychology (Target) and got a negative reaction from the general public. In that same video, I talked about another company (Progressive) that made use of psychology to capitalize on the predictive analytics advantage they had.
In a minimum of two (2) paragraphs, provide an example from your experience (personal experience, or one that you read about and found interesting) of how adding an awareness of psychology resulted in a better outcome for an analytic model. Be sure to provide examples to support your viewpoint.

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

Structured Search For Big Data From Keywords To Key-objects

Authors: Mikhail Gilula

1st Edition

012804652X, 9780128046524

More Books

Students also viewed these Databases questions

Question

1.Which are projected Teaching aids in advance learning system?

Answered: 1 week ago

Question

=+5 Evaluate whether the CCT program was effective.

Answered: 1 week ago

Question

=+Identify the type of global assignment for which CCT is needed.

Answered: 1 week ago