Which decision component allows you to monitor the real-time performance of a third-party Churn Model?
A. Scorecard Model
B. Adaptive Model
C. PMML Model
D. Predictive Model
When a new component is added to the strategy canvas, its Rank value will be
A. One higher than the current highest Rank
B. 0
C. Not set
D. 1
Which two factors do you inspect to assess the general health of the adaptive models in Prediction Studio? (Choose Two.)
A. Model transparency
B. Insights
C. Performance of the models
D. Number of decisions
A large online store wants to adapt to changing customer behavior, and at the same time does not want to get earned away by every next hype in the market. Adaptive models can help accomplish both business objectives.
Which statement about adaptive models is correct?
A. Adaptive models perform a spectrum model calculation.
B. Adaptive models perform a scoring model calculation.
C. Adaptive models require underlying predictive models.
D. Adaptive models are regression models.
A Scoring Model allows you to differentiate between
A. Good, Bad, Unknown
B. Good, Better, Best
C. Accept, Reject, Maybe Later
D. Good, Bad
Which Adaptive Model output is automatically mapped to a strategy property?
A. performance
B. evidence
C. propensity
D. score
Which property is automatically recomputed for each decision component?
A. Propensity
B. Priority
C. Order
D. Rank
Which business objective is best suited for the Next-Best-Action approach?
A. Employee satisfaction
B. Change Management
C. Growth D. Productivity
From two chum models with the similar performance, we choose the one with the________________.
A. highest number of predictors
B. most evidence
C. highest churn rate
D. fewest number of predictors
According to Forrester, it is far more expensive to attract new customers than it is to prevent existing customers from leaving.
Which model type do you use to predict if a customer is likely to churn?
A. Predictive model
B. Adaptive model
C. Categorization model
D. Extraction model
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