Title
Targeting Uplift [electronic resource] : An Introduction to Net Scores / by René Michel, Igor Schnakenburg, Tobias von Martens.
Summary
This book explores all relevant aspects of net scoring, also known as uplift modeling: a data mining approach used to analyze and predict the effects of a given treatment on a desired target variable for an individual observation. After discussing modern net score modeling methods, data preparation, and the assessment of uplift models, the book investigates software implementations and real-world scenarios. Focusing on the application of theoretical results and on practical issues of uplift modeling, it also includes a dedicated chapter on software solutions in SAS, R, Spectrum Miner, and KNIME, which compares the respective tools. This book also presents the applications of net scoring in various contexts, e.g. medical treatment, with a special emphasis on direct marketing and corresponding business cases. The target audience primarily includes data scientists, especially researchers and practitioners in predictive modeling and scoring, mainly, but not exclusively, in the marketing context. .
Contents
List of Symbols
List of Figures
List of Tables
Introduction
The Traditional Approach: Gross Scoring
Basic Net Scoring Methods: The Uplift Approach
Validation of Net Models: Measuring Stability and Discriminatory Power
Supplementary Methods for Variable Transformation and Selection
A Simulation Framework for the Validation of Research Hypotheses on Net Scoring
Software Implementations
Data Prerequisites
Practical Issues and Business Cases
Summary and Outlook
Appendix
Other Literature on Net Scoring
Index.-.