A Data Mining methodology for cross-sales
نویسندگان
چکیده
In this paper we discuss the use of Data Mining to provide a solution to the problem of cross-sales. We define and analyse the cross-sales problem and develop a hybrid methodology to solve it, using characteristic rule discovery and deviation detection. Deviation detection is used as a measure of interest to filter out the less interesting characteristic roles and only retain the best characteristic rules discovered. The effect of domain knowledge on the interestingness value of the discovered rules is discussed and techniques for relining the knowledge to increase this interestingness measure are studied. We also investigate the use of externally procured lifestyle and other survey data for data enrichment and discuss its use as additional domain knowledge. The developed methodology has been applied to a real world cross-sales problem within the financial sector, and the results are also presented in this paper. Although the application described is in the financial sector, the methodology is generic in nature and can be applied to other sectors. © 1998 Elsevier Science B.V. All rights reserved. Kevwords: Cross-sales: Data Mining; Characteristic rule discovery: Deviation detection
منابع مشابه
Designing a smart algorithm for determining stock exchange signals by data mining
One of the most important problems in modern finance is finding efficient ways to summarize and visualize the stock exchange market. This research proposes a smart algorithm by means of valuable big data that is generated by stock exchange market and different kinds of methodology to present a smart model.In this paper, we investigate relationships between the data and access to their lat...
متن کاملA Proposed Data Mining Methodology and its Application to Industrial Procedures
Data mining is the process of discovering correlations, patterns, trends or relationships by searching through a large amount of data stored in repositories, corporate databases, and data warehouses. Industrial procedures with the help of engineers, managers, and other specialists, comprise a broad field and have many tools and techniques in their problem-solving arsenal. The purpose of this st...
متن کاملCustomer Retention Based on the Number of Purchase: A Data Mining Approach
Purpose: this study wants to find any relationship between the numbers of purchase and the income the customer brings to the company. The attempt is to find those customers who buy more than one life insurance policy and represent the signs of good payments at the same time by the help of data mining tools. Design/ methodology/ approach: the approach of this research is to use data mining tools...
متن کاملAmplitude versus Offset (AVO) Technique for Light Hydrocarbon Exploration: A Case Study
AVO as a known methodology is used to identify fluid type and reservoir lithology in subsurface exploration. Method discussed in this paper, consists of three stages, including: Direct modeling, Inverse modeling and Cross plot interpretation. By direct modeling we can clarify lithology or fluid dependent attributes. Analysis performed using both P-P and P-Sv attributes. Inverse modeling deals w...
متن کاملAn Internet-enabled Knowledge Discovery Process
A holistic approach, in the form of a process, is proposed in order to discover marketing intelligence from Internet data. The Internet-enabled knowledge discovery process contains the steps human resource identification, problem specification, data prospecting, domain knowledge elicitation, methodology identification, data pre-processing, pattern discovery, and knowledge post-processing. It al...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Knowl.-Based Syst.
دوره 10 شماره
صفحات -
تاریخ انتشار 1998