As mentioned in introduction-predictive modeling

Assignment Help Managerial Economics
Reference no: EM133184295

As mentioned in the introduction, the actual proposal that you will be submitting should outline a problem that you want to solve and how you will use data mining techniques to solve it. A business problem from your work would be a likely candidate but it doesn't have to be directly related to your work. The key is that this should not be a hypothetical example like something from the textbook, it should be something with which you have personal experience.

The draft of your proposal should include:

1. A description of the problem you want to support with a data science solution.

2. Why the problem you selected can be solved with predictive modeling.

3. The use you want to support with this solution and how it could add value to an organization.

4. A description of the model and data mining techniques that will be used and why they are appropriate given the problem at hand. If doing supervised learning the targetvariable should be clear.

5. How and where you would get the data required to train your model. This should also include at least 5 attributes that would help your predictive modeling.

Reference no: EM133184295

Questions Cloud

Significant changes in external environment : What are the significant changes in the external environment that create opportunities and challenges for firms competing in the international marketplace?
Trade-off between unemployment rate and inflation rate : Was there a trade-off between the unemployment rate and the inflation rate between the months of March and April 2020?
Discuss the global supply chain problem : Discuss the global supply chain problem that companies around the world are experiencing now. What are the causes of the problem.
Compare the purchasing power : Compare the Purchasing Power of the United States with another country. Try to choose a country with which you are not very familiar.
As mentioned in introduction-predictive modeling : Why the problem you selected can be solved with predictive modeling. How and where you would get the data required to train your model.
Qualitative evaluation of firm strategic position : Economists occasionally use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position.
Appropriate healthcare delivery model for expansion of care : Identify an appropriate healthcare delivery model for the expansion of care.
Introduce yourself to your professor and peers : Introduce yourself to your professor and peers.What sector or industry does your company operate in?Describe clearly how this driver was enacted at your company
Discuss the triumvirate of political and economic : Discuss the triumvirate of political, economic, and legal systems in the country that you chose. Discuss how these factors can affect economic progress.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Explain what price would you bid if you must win the project

What price would you bid if you must win the project? What price would you bid if you want to maximize the expected value of the contribution from this contract?

  Create legal strategies and planning

Financial and Accounting Analysis - Choose a company Target going to Latin America, and the marketing strategies section.

  Describe any sources of risk or uncertainty in its operation

Describe the company and provide a brief history of its operations. Find or use graphs to illustrate its financial performance over the years

  If the government wanted to encourage a monopoly

If the government wanted to encourage a monopoly to produce the socially efficient quantity, should it use a per-unit tax or a per-unity subsidy? Explain how this tax or subsidy would achieve the socially efficient level of output.

  What the marginal costs and marginal benefits of decision

You would like to know what the marginal costs and marginal benefits of this decision are. That should depend on factors like:

  Calculate net income for the year ended december

Calculate income from operations (operating income) for the year ended December 31, 2007.

  Briefly describe the details of the fictitious business

Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on pl

  Explain how the federal legislation will address the issue

Conduct a review of current resources (articles, websites, interviews, etc.) related to the tenets of the legislation -  select a significant piece of federal legislation to analyze and explain how the federal legislation will address the issue.

  What would be the impact of raising the federal minimum wage

What would be the impact of raising the federal minimum wage? What are the benefits of government regulation of air pollution from automobiles? What are the costs of this regulation?

  Discuss significance of strategic marketing planning process

Discuss the significance of value throughout strategic marketing planning process. Developing marketing strategy is more importantthan implementing marketing strategy because if the strategy is flawed, itsimplementation doesn't matter.

  Which view do you agree with and why

Which view do you agree with and why? Share an example from your work experience to support your viewpoint.

  Find the equilibrium price and quantity if income increases

Find the equilibrium price and quantity if income increases to 150. Show the change in equilibrium using a standard supply and demand graph.

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