PEGACPDS88V1 Exam Dumps - Certified Pega Data Scientist 8.8

The Monte Carlo method is a way to create a data set that includes mock-up customer data. You can use this method to generate random values for customer properties, such as age, gender, income, etc., based on predefined probabilities and distributions. References: https://academy.pega.com/module/demonstrating-adaptive-learning-archived/topic/creating-monte-carlo-data-set

To detect the sentiment of the incoming emails, you need to configure a text analytics prediction1234 in Prediction Studio. A text analytics prediction is a type of prediction that uses natural language processing (NLP) to analyze text data and extract insights, such as topics, entities, and sentiments. You can use a text analytics prediction to detect the sentiment of an email based on its content and assign a score ranging from -1 (negative) to 1 (positive). This can help you improve the customer experience by identifying dissatisfied customers and taking appropriate actions.

 Through analysis of customer lifecycles, Next-Best-Action anticipates retention issues and takes proactive actions to prevent customer churn. It uses predictive analytics to identify customers who are at risk of leaving and offers them incentives or solutions to retain them. References: https://academy.pega.com/module/one-one-customer-engagement/topic/proactive-retention

 The implementation of Next-Best-Action must involve defining business issue and group hierarchy, which are used to organize and categorize propositions based on business objectives and customer needs. References: https://academy.pega.com/module/one-one-customer-engagement/topic/next-best-action-designer

The adaptive model output that is automatically mapped to a strategy property is propensity, which indicates the likelihood that the customer will accept or respond to an offer. Propensity is also known as behavior or probability in decision strategies. References: https://academy.pega.com/module/predicting-customer-behavior-using-real-time-data-archived/topic/using-adaptive-models-decision

A taxonomy is a list of valid categories that can be used to classify text documents or entities. A taxonomy can be hierarchical or flat, depending on the level of detail required. References: https://academy.pega.com/module/text-analytics/topic/creating-taxonomy

Proactive retention is applicable when a customer is likely to churn. Proactive retention is a strategy that aims to prevent customer attrition by identifying customers who are at risk of leaving and offering them incentives or solutions to retain them. Proactive retention requires predicting the customer’s churn risk and selecting the next best action accordingly. References: https://community.pega.com/sites/default/files/help_v82/procomhelpmain.htm#decisioning-/decisioning-strategies-/decisioning-strategies-proactive-retention/main.htm

The expected performance of a binary model must be set before the model can be deployed.