Anticipate What Customers Will Do
Louis-Philippe Kerkhove
Chapter 9 in Data-driven Retailing, 2022, pp 223-232 from Springer
Abstract:
Abstract This chapter discusses propensity models that predict the probability that a customer or lead is going to do something specific. Where segmentation sets outs the broad lines, these models are the precision instruments that allow for the identification of specific individuals. The focus of the chapter is on what a retailer can do with these models, rather than on the technical workings of such models.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-12962-9_9
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DOI: 10.1007/978-3-031-12962-9_9
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