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Which of the following is a common use of supervised learning in marketing?
Practice Questions
Q1
Which of the following is a common use of supervised learning in marketing?
Customer segmentation
Churn prediction
Market basket analysis
Anomaly detection
Questions & Step-by-Step Solutions
Which of the following is a common use of supervised learning in marketing?
Steps
Concepts
Step 1: Understand what supervised learning is. It is a type of machine learning where a model is trained on labeled data.
Step 2: Know that in marketing, businesses want to understand customer behavior.
Step 3: Learn about churn prediction. This is when businesses try to find out which customers might stop using their service.
Step 4: Realize that by using supervised learning, businesses can analyze past customer data to predict future behavior.
Step 5: Conclude that churn prediction helps businesses take action to keep customers from leaving.
No concepts available.
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