Complete SAS Programming Guide - Learn SAS and Become a Data Ninja - Business Applications of Predictive Modeling

Complete SAS Programming Guide - Learn SAS and Become a Data Ninja - Business Applications of Predictive Modeling

Assessment

Interactive Video

Information Technology (IT), Architecture, Business, Social Studies

University

Hard

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The video discusses the applications of predictive modeling within business analytics, highlighting its use in various industries such as banking, retail, medical, and social networks. It covers specific applications like credit scoring, fraud detection, and recommendation engines. The video also touches on the challenges faced in implementing predictive modeling in business contexts.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some applications of predictive modeling in the banking industry?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is predictive modeling utilized in the retail sector?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can predictive modeling be applied in the medical industry?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How do social networks like LinkedIn and Facebook use predictive modeling?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some challenges associated with the use of predictive modeling in business?

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