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To which types of decisions can next-best-action be applied?
Pega Decision Management enables organizations to make next-best-action decisions. To which types of decisions can next-best-action be applied?A . Determining how to optimize the product portfolio to increase market share B. Determining why response rates for a campaign in one region are below average C. Determining the cause of a...
When you build a decision strategy, what property do you use to access the output of a prediction that is driven by a predictive model markup language (PMML) model?
When you build a decision strategy, what property do you use to access the output of a prediction that is driven by a predictive model markup language (PMML) model?A . pxEvidence B. pxResult C. pxSegment D. nxOutcomeView AnswerAnswer: B Explanation: The pxResult property is used to access the output of...
Which strategy component should you use to meet the new requirement?
U+ Bank wants to offer a 10% discount for customers whose CLV value is higher than 400. Which strategy component should you use to meet the new requirement?A . Group By B. Filter C. Set Property D. PrioritizeView AnswerAnswer: B Explanation: To offer a 10% discount for customers whose CLV...
When building a predictive model, at what stage do you compare the performance of predictive models?
When building a predictive model, at what stage do you compare the performance of predictive models?A . Model Development stage B. Model Analysis stage C. Model Export stage D. Model Comparison stageView AnswerAnswer: D Explanation: When building a predictive model, you compare the performance of predictive models at the Model...
Which property is automatically recomputed for each decision component?
Which property is automatically recomputed for each decision component?A . Property B. Rank C. Order D. PriorityView AnswerAnswer: B Explanation: The rank property is automatically recomputed for each decision component. It indicates the order in which the actions are presented to the customer, based on their priority and propensity. References:...
When implementing Next-Best-Action, the Customer Lifetime Value Threshold is typically used to_________.
When implementing Next-Best-Action, the Customer Lifetime Value Threshold is typically used to_________.A . prioritize high value propositions B. prioritize customers C. determine if the customer is eligible D. calculate the customer's lifetime valueView AnswerAnswer: B Explanation: The Customer Lifetime Value Threshold is typically used to prioritize customers based on their...
What happens when you increase the performance threshold setting of an adaptive model rule?
What happens when you increase the performance threshold setting of an adaptive model rule?A . The number of active predictors increases B. The performance of the model is increased C. The correlation threshold decreases D. The number of active predictors may decreaseView AnswerAnswer: D Explanation: When you increase the performance...
Which component(s) do you use to calculate the average margin of four actions?
Which component(s) do you use to calculate the average margin of four actions?A . one Set Property component B. one Group By component C. four Group By components D. four Set Property componentsView AnswerAnswer: A Explanation: You can use one Set Property component to calculate the average margin of four...
Proactive retention is applicable when a customer is
Proactive retention is applicable when a customer isA . Initiating contact to churn B. A high value customer C. In a collections process D. Likely to churnView AnswerAnswer: D Explanation: Proactive retention is applicable when a customer is likely to churn. Proactive retention is a strategy that aims to prevent...
What type of a predictor can you use in an adaptive model?
What type of a predictor can you use in an adaptive model?A . Symbolic B. Integer C. Page Type D. LogicalView AnswerAnswer: A Explanation: In an adaptive model, you can use Symbolic predictors.
