Question: 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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!