
Predictive Analytics

Product recommendations are increasingly important for the retail industry in general. More than a sales ploy, these tailored recommendations provide relevancy and personalization that customers actively seek.
Eric Siegel • Predictive Analytics
is customers more likely to be influenced by marketing contact. The difference marketing makes for this segment can be
Eric Siegel • Predictive Analytics
tax evasion, without increasing the number of investigations. U.S. Department of Defense’s Defense Finance and Accounting Service: Detected 97 percent of known fraud cases in a
Eric Siegel • Predictive Analytics
“Insurance is nothing but management of information. It is pooling of risk, and whoever can manipulate information the best has a significant competitive advantage.”
Eric Siegel • Predictive Analytics
is a good idea, persuasion modeling determines whether contact is a better idea than not contacting.
Eric Siegel • Predictive Analytics
predicts forthcoming forms of fraud by generalizing from previously observed examples. This is the defining characteristic of a learning system.
Eric Siegel • Predictive Analytics
For example, employees with higher salaries, more raises, and increased performance ratings quit less.
Eric Siegel • Predictive Analytics
During one project, I found that users who signed up with an Earthlink.com e-mail address were almost five times more likely to convert from a free trial user level to the premium paid level than those with a Hotmail.com e-mail address. This
Eric Siegel • Predictive Analytics
Will the customer buy only if contacted?