Good prospects for new set of products

Assignment Help Business Management
Reference no: EM131460463

Plumbing Inc. has been selling plumbing supplies for the last 20 years. The owner, Joe, decides that it is time to diversify by adding gardening tools to the products. Having had success using customer data to build predictive models to guide direct mail campaigns for special plumbing offers, he considers that data mining could help him to identify a subset of customers who should be good prospects for his new set of products. What would you suggest as the target variable? Is Joe ready to solve this as a supervised learning problem? Explain your reasoning.

Reference no: EM131460463

Questions Cloud

What are your responsibilities to detect fraud : Discussion- Misstated Financial Statements. What are your responsibilities to detect fraud while performing a financial statement audit?
Create two histograms and provide interpretations : Your first IBM SPPS assignment includes two sections in which you will: Create two histograms and provide interpretations
Discuss janices decision if she is risk averse : Investment advisors recommend risk reduction through international diversification. International investing allows you to take advantage of the potential.
Annual rate of return : Suppose you are committed to owning $188229 Ferrari. If you believe your mutual fund can achieve 11.1 percent annual rate of return and you want to buy car
Good prospects for new set of products : What would you suggest as the target variable? Is Joe ready to solve this as a supervised learning problem? Explain your reasoning.
Rate of return and make no additional contributions : You have just made your first $8360 contribution to your retirement account. Assume you earn an 9.2 percent rate of return and make no additional contributions.
Create consistency in fair value disclosures : Create consistency in fair value disclosures by eliminating an entity's ability to estimate the disclosed fair values of financial assets.
Calculate the portfolio weights for assets x and y : A portfolio has $200,000 invested in Asset X and $300,000 in Asset Y. Consider the summary measures in the following table.
Type i and type ii errors in hypothesis testing : Question 1: What is a type I and type II errors in hypothesis testing? What would be examples of each? Explain

Reviews

Write a Review

Business Management Questions & Answers

  Remaining with a government-operated system

Evaluate the pros and cons of the following: Remaining with a government-operated system of administering airport security, versus returning to privately owned and operated, contracted airport security organizations.

  Generated through searching grantham library

Use your key terms that you generated through searching Grantham Library's EBSCOhost and/or Google Scholar to find at least five additional, reputable articles to review as background information on community partnerships and community organizatio..

  Evaluate abc current occ

In order to stay competitive, ABC Company is considering expanding its operation globally. ABC has come to you, an expert on organizational change, for consulting advice. Evaluate ABC's current OCC. What advice would you provide in order to better..

  Allied salespeople are trained to push the company

Allied's salespeople are trained to push the company's less traditional, higher-margin lines such as coffee also refreshments, printing also forms management, also office furniture.

  Explanation of the importance of leadership development

Provide a thorough explanation of the importance of leadership development. You may include responses to the following: Why is leadership development important to organizations?

  A basic requirement of combinations is that members give up

A basic requirement of combinations is that members give up their individual rights example raises based on performance to benefit the collective instance cost of living increases to all employees

  What specific strategy was selected

What specific strategy was selected? Explain the difficulties in implementing the strategy or the reason managers said the strategy was selected.

  Determine project risk management procedures

Create a risk action plan. Relay the components of a risk action plan and provide one example of a risk in your project. A portion of this assignment is utilized in your final project.

  Develop a qualitative risk assessment

Select a project and develop a Qualitative Risk Assessment, including a Risk Assessment Matrix. Pick one risk and discuss the approach to, and key issues in, the next step-the Quantitative Risk Assessment.

  The three product and marketing decisions described listed

Assume that KFC used a SWOT analysis to lead it to make each of the three product and marketing decisions described listed in the case distributed for this exam. Speculate what that analysis might have indicated to drive each of those decisions. (b) ..

  Home service companies for homeowners

HomeWorRx Referral Network profiles home service companies for homeowners looking for a contractor or handyman. To ensure that companies they recommend are reliable, HomeWorRx checks the business licenses, insurance coverages, Better Business Bure..

  Critical decision choose an organisation and write a report

choose an organisation and write a report for the board about a critical decision the organisation must make based on a

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