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With dynamic features and a host of interactive insights, a business dashboard is the key to a more prosperous, intelligent business future. Additionally, a KPI scorecard focused on long term marketing goals can help even the busiest CMOs to periodically track the progress of the company’s promotional activities.
These observations would have spanned a distribution, which the model leveraged to make its forecasts. Based upon the type of model deployed (classification vs. regression), there are a host of metrics we may use to quantify how accurate the prediction is. Figure 2: Accuracy tab within a DataRobot model deployment.
.” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards. Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting.
How much will the bank’s bottom line be impacted depends on a host of unknowns. They will also need recalibrated scorecards post-COVID as the existing models will not hold. They will need to evolve new scorecards considering the pandemic factor for early default detection. Better Forecasting and Optimization.
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