Applications
VALUE PREDICTION
For any manufacturing or service industry, proper prediction of sales and profit is the backbone of their business strategies. Building of most accurate regression model is necessary to get that desired accuracy.
CUSTOMER AND PRODUCT SEGMENTATION
Customer and Product Segmentation plays a vital role in strategic decisions. For any business campaign and promotion, formulation of different business plans for different set of customers and different set of commodities are essential.
LABEL CLASSIFICATION
The options are endless: score leads, identify fraud, route calls, assess sentiment etc. Any data can be sorted and ranked using text or numbers.
TIME SERIES FORECASTING
Climate change, projected quarterly revenue, and stock prices - Simply feed the model the most recent data, and it will gradually produce future forecasts.
RFM
RFM analysis is a marketing approach that is used to statistically evaluate and group clients based on the frequency, total purchase madeĀ and recency of their most recent transactions in order to pinpoint the best customers and execute focused marketing campaigns.
SENTIMENT ANALYSIS
Sentiment analysis is the contextual mining of text that locates and extracts subjective information from the source material, assisting a company in understanding the social sentiment of their brand, product, or service.