The data mining process is to define the target variable

Assignment Help Operation Management
Reference no: EM131027799

MTC (MegaTelCo) has decided to use supervised learning to address its problem of churn in its wireless phone business. As a consultant to MTC, you realize that a main task in the business understanding/data understanding phases of the data mining process is to define the target variable. In one or two sentences, please suggest a definition for the target variable. Be as precise as possible- someone else will be implementing your suggestion. (Remember: it should make sense from a business point of view, and it should be reasonable that MTC would have data available to know the value of the target variable for historical customers.)

Reference no: EM131027799

Questions Cloud

What benefits make these risks worth taking : What are the risks for both the supplier and the buyer when agreeing to enter into an exclusive relationship involving extensive sharing of internal processes and information? What benefits make these risks worth taking? Are there strategies that can..
Find greatest common divisor of f(x) and g(x) : If f(x) = x^5 + 2x^3 + x^2 + 2x + 3, g(x) = x^4 + x^3 + 4x^2 + 3x + 3, then find greatest common divisor of f(x) and g(x) over the field of residue classes modulo 5 and express it in the form
Identify seven different types of ambulatory care settings : Identify seven different types of ambulatory care settings and describe what they do, why ambulatory care makes sense in today's healthcare environment, and compare and contrast free-standing versus hospital-based settings
What is the resulting increase in the speed of the flatcar : A man (weighing 915 N) stands on a long railroad flatcar (weighing3270N) as it rolls at 16.0 m/s in the positive direction of anxaxis, with negligible friction. Then the man runs along the flatcar in the negativexdirection at 37.00 m/s relative to..
The data mining process is to define the target variable : MTC (MegaTelCo) has decided to use supervised learning to address its problem of churn in its wireless phone business. As a consultant to MTC, you realize that a main task in the business understanding/data understanding phases of the data mining pro..
Determine how annualized yield of a t-bill would be affected : Determine how the annualized yield of a T-bill would be affected if the purchase price were lower. Explain the logic of this relationship.
Heard the term knowledge management : Recently, they heard the term "knowledge management" and are curious where they might purchase this "technology." You know, of course, that knowledge management is a business process, not a technology. How might you describe the difference to your co..
What method did the authors use in collecting data : What method did the authors use in collecting data to answer their research questions? (e.g., Experimentation? Sample survey? Self-Report? Secondary data analysis? Content analysis? ) Give a brief description. Do NOT describe sampling issues
Foster temporary loyalty : What steps could you take at your company to foster “temporary loyalty” from the independent gaming programmers you frequently hire for short duration (one to six months)?

Reviews

Write a Review

Operation Management Questions & Answers

  Why did telefonica initially focus on latin america

What changes in political and economic environment allowed Telefoncia to start expanding globally? Why did Telefonica initially focus on Latin America? Why was it slower to expand in Europe even though Spain is a member of the European Union?

  Calculate percent change in productivity

Eric Johnson (using data from Problem 1.6) determines his costs to be as follows: • Labor: $10 per hour • Resin: $5 per pound • Capital expense: 1% per month of investment •

  Discuss the options to solicit out-dated computing devices

An idea for a new business involves electronic recycling of computing devices including out dated servers, desk-top computers, laptops, ipads, and cell phones. Discuss the options to solicit out-dated computing devices; sources from where such device..

  Employed in entry-level management position

Suppose you are employed in an entry-level management position in a large bank. What specific considerations (contingencies) would you identify of sending an e-mail versus talking in person to someone else in a bank?

  Solve the cases

the stamping machines are expected to have 90 percent efficiency considering adjustments, changeover of patterns, and unavoidable downtime. How many stamping machines are required?

  Large employers to offer health insurance

Small employees are less likely than large employers to offer health insurance to their employees. One reason for this that health insurance tends to cost more for small employers than large employers. Explain why health tends to cost more for smalle..

  Identifies and examines the most significant external

complete the external environmental scan for your organization.perform an internal competitive environmental scan for

  Compute the tact time for a system

Compute the tact time for a system where the total time per shift is 530 minutes, there is one shift, and workers are given two 11-minute breaks and 40 minutes for lunch. Daily demand is 204 units.

  Dryice are designing the manufacturing network

Dry Ice., is a manufacturer of air conditioners that has seen its demand grow significantly. The company anticipates nationwide demand for the next year to be 180,000 units in the South, 120,000 units in in the Midwest, 110,000 units in the East, and..

  Describe the liability of the partnership

Fran, Joe, and Mike formed a general partnership to operate a flower shop called Fresher Flowers. One of Fran’s jobs is to make deliveries using the partnership truck. In one such delivery, Fran negligently ran a stop sign, striking a car driven by P..

  Sustain the competitive advantage in the widget market

You have been called in as a consultant to analyze the operations at WRU. Based on the readings, what would you advise Widgets ‘R Us to do in order to sustain the competitive advantage in the widget market?

  Explain what is meant by vendor management inventory

Explain what is meant by Vendor Management Inventory

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd