What are Uplift Models?
Uplift modeling, also known as incremental modeling, true lift modeling, or net-lift modeling is a predictive modeling technique that directly models the incremental impact of a treatment (such as a direct marketing action) on an individual's behavior. Uplift modeling has applications in customer relationship management for up-sell, cross-sell and retention modeling. It has also been applied to personalized medicine. Unlike the related Differential Prediction concept in psychology, Uplift modeling assumes an active agent. All of your marketing effort are about Return on Investment (ROI), ultimately, unless you are a non-profit.
Mar-31-2016, 07:55:11 GMT
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