Tag: customers
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Mining Rules from Data
Mining Rules from Data Working with products, we might face a need to introduce some “rules”. Let me explain what I mean by “rules” in practical examples: Imagine that we’re seeing a massive wave of fraud in our product, and we want to restrict onboarding for a particular segment of customers to lower this risk. For…
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Five Reasons You Cannot Afford Not Knowing Probability Proportional to Size (PPS) Sampling
Five Reasons You Cannot Afford Not Knowing Probability Proportional to Size (PPS) Sampling Data Science Simple Random Sampling (SRS) works, but if you do not know Probability Proportional to Size Sampling (PPS), you are risking yourself some critical statistical mistakes. Learn why, when, and how you can use PPS Sampling here! Photo by Justin Morgan on Unsplash…