### 날짜 : 2023-12-08 17:07
### 주제 : Predictive Modeling #마케팅 #공부
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### Predictive Modeling
> Predictive modeling is a data-driven approach that utilizes historical data, statistical algorithms, and machine learning techniques to make predictions about future customer behavior or outcomes. In the context of marketing, predictive modeling is a powerful tool for identifying patterns, trends, and insights that can inform marketing strategies and decision-making. Let's delve deeper into predictive modeling in marketing:
**1. Data Collection:**
- The first step in predictive modeling is to collect and organize relevant data. This data can come from various sources, including customer interactions, website analytics, social media, and CRM systems.
- Data attributes may include customer demographics, purchase history, website browsing behavior, email engagement, and more.
**2. Feature Selection:**
- Feature selection involves choosing the most relevant and informative variables (features) from the collected data. Not all data points are equally valuable for making predictions.
- [[Feature engineering]] may also be performed to create new features or transform existing ones to improve the model's accuracy.
**3. [[Model selection in predictive modeling]]:**
- Selecting the appropriate predictive modeling technique is crucial. Common methods used in marketing predictive modeling include linear regression, logistic regression, decision trees, random forests, neural networks, and more.
- The choice of model depends on the specific prediction task and the nature of the data.
**4. Data Splitting:**
- The data is typically split into two or more subsets: a training set and a testing/validation set. The training set is used to train the predictive model, while the testing set is used to evaluate its performance.
- Cross-validation techniques can also be employed to assess model performance robustly.
**5. Model Training:**
- During the training phase, the selected model learns patterns and relationships within the data. It adjusts its parameters to minimize prediction errors.
- Machine learning algorithms, such as gradient descent, backpropagation, or decision tree learning, are used for this purpose.
**6. Prediction and Scoring:**
- Once the model is trained, it can make predictions on new, unseen data. These predictions can include a wide range of marketing-related outcomes, such as customer churn, purchase propensity, lead scoring, and customer lifetime value.
- Predictive models assign a score or probability to each prediction, indicating the likelihood of a particular outcome.
**7. Model Evaluation:**
- The model's accuracy and effectiveness are assessed using various evaluation metrics, depending on the specific prediction task. Common metrics include accuracy, precision, recall, F1-score, and area under the receiver operating characteristic curve (AUC-ROC).
- The model may require fine-tuning or adjustments to improve its performance.
**8. Deployment and Integration:**
- Once a predictive model proves its effectiveness, it can be deployed into marketing operations. This involves integrating it into marketing automation platforms, CRM systems, or other relevant tools.
- Predictions can be used to optimize marketing campaigns, personalize content, target high-value prospects, and improve customer retention efforts.
**9. Continuous Improvement:**
- Predictive modeling is an iterative process. As new data becomes available and customer behavior evolves, models should be periodically retrained and refined to maintain their accuracy and relevance.
Predictive modeling empowers marketers to make data-driven decisions, enhance customer experiences, and allocate resources more efficiently. It plays a critical role in modern marketing strategies, enabling businesses to stay competitive and adapt to changing market dynamics.
### 출처(참고문헌)
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### 연결문서
- [[9.5 Analytics and Data-Driven Marketing]]