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What are the applications of predictive modeling?

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Predictive modeling is mostly used in the following areas -

Acquisition - Cross Sell / Up Sell

Retention - Predictive Attrition Model

Customer Lifetime Value Model

Next Best Offer

Market Mix Model

Pricing Model

Campaign Response Model

Probability of Customers defaulting on loan

Segment customers based on their homogenous attributes

Demand Forecasting

Usage Simulation

Underwriting

Optimization - Optimize Network

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