
Predictive Analytics

some marketing fiercely backfire? Why is human behavior the wrong thing to predict? What should all businesses learn about persuasion from presidential
Eric Siegel • Predictive Analytics
Given the right set of conditions, the crowd will almost always outperform any number of employees. —Jeff Howe, Crowdsourcing: Why the Power of the Crowd Is Driving the Future of Business
Eric Siegel • Predictive Analytics
Has it learned something true that holds in general, or only discovered patterns that hold within this data set? How can we be confident a model will work tomorrow when it is called upon to predict under unique circumstances never before encountered?
Eric Siegel • Predictive Analytics
by 2011, there were over 100 million blogs across WordPress and Tumblr alone.
Eric Siegel • Predictive Analytics
These behaviors are often the most valuable—it’s always a behavior that we seek to predict, and indeed behavior predicts behavior.
Eric Siegel • Predictive Analytics
called Classification and Regression Trees (CART), employs this elegant form of pruning, plus numerous other bells and whistles in its routines.11 CART was established by a 1984 book of the same name by four legendary researchers from Berkeley and Stanford: Leo Breiman, Jerome Friedman, Charles Stone, and Richard Olshen. I call them the “Fab Four.”
Eric Siegel • Predictive Analytics
Along the way I noticed a major leak in the boat. Tons of customers were involuntarily canceling due to credit card failures on their monthly or quarterly membership dues.
Eric Siegel • Predictive Analytics
That’s not the same thing as predicting who will buy because they were contacted;
Eric Siegel • Predictive Analytics
For example, employees with higher salaries, more raises, and increased performance ratings quit less.