Dig for Gold in Your Housefile
Five Ways to Improve Your Name Selection — and Your Profits
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Mike Talbott
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Those are great numbers, but even with substantial data covering your whole customer population, a model is limited. It defines predictive behavior with only the most significant predictive characteristics included in the equation. This means the model essentially is a best-fit equation defining expected performance. This can leave groups of customers under-represented in a housefile-scoring effort, resulting in low scores for groups that include potentially high-performing names.
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