Evaluation of prediction models for marketing campaigns

Saharon Rosset, Einat Neumann, Uri Eick, Nurit Vatnik, Izhak Idan
2001 Proceedings of the seventh ACM SIGKDD international conference on Knowledge discovery and data mining - KDD '01  
We consider prediction-model evaluation in the context of marketing-campaign planning. In order to evaluate and compare models with specific campaign objectives in mind, we need to concentrate our attention on the appropriate evaluation-criteria. These should portray the model's ability to score accurately and to identify the relevant target population. In this paper we discuss some applicable model-evaluation and selection criteria, their relevance for campaign planning, their robustness under
more » ... changing population distributions, and their employment when constructing confidence intervals. We illustrate our results with a case study based on our experience from several projects.
doi:10.1145/502512.502581 fatcat:ds6olwbqp5aiddzwz2l2gnnzve