A company wants to simulate decisions that requires large amounts of data. However, the organisation's live data is inaccessible. Your advice is to use a Monte Carlo data set.

The Monte Carlo method________________

A. enables the company to generate random data for most of its application needs

B. generates data that the company can use as input for adaptive decisioning

C. combines external data sets into a larger data set

D. makes the organisation's live data accessible

The Filter component is used to filter________________,

A. adaptive models

B. attributes

C. action

D. customers

evidence an assessment of its viability, the Adaptive Model produces three outputs: Propensity, Performance and

What is evidence in the context of an Adaptive Model?

A. The likelihood of a statistically similar behavior

B. The number of customers who exhibited statistically similar behavior

C. The number of statistical bins used to evaluate the response

D. The number of customers who have responded to the modeled offer

When executing a decision strategy, the dotted line arrow in a decision strategy means data is

A. copied to the component the arrow points to

B. referenced by the component the arrow points to

C. referenced by the component the arrow originates from

D. copied to the component the arrow originates from

An online store is interested in increasing its revenues from cross-selling and wants to predict the acceptance rate of the offers presented on their website.

A customer's propensity to accept an offer increases when___________________. .

A. similar offers were rejected by the customer

B. similar offers were accepted by the customer

C. the offer was rejected by similar customers

D. the offer was accepted by similar customers

A contact center application recommends three actions for a customer. The business team wants to know the possible ways in which these actions can be ordered so that the contact center agent can discuss one proposition at a time, starting from the top.

As a strategy designer, if you use a Prioritize component to order the actions, what are your options?

A. In a random order

B. In ascending or in descending order based on a numerical value

C. In the order in which they are displayed in the strategy canvas

D. In the order controlled by the contact center agent

From two chum models with the similar performance, we choose the one with the________________.

A. highest number of predictors

B. most evidence

C. highest churn rate

D. fewest number of predictors

A large online store wants to adapt to changing customer behavior, and at the same time does not want to get earned away by every next hype in the market. Adaptive models can help accomplish both business objectives.

Which statement about adaptive models is correct?

A. Adaptive models perform a spectrum model calculation.

B. Adaptive models perform a scoring model calculation.

C. Adaptive models require underlying predictive models.

D. Adaptive models are regression models.

What are two results of an Adaptive Model? (Choose Two)

A. Priority

B. Propensity

C. Segment

D. Performance

The decision components used on the strategy canvas can be individually configured Which function is available when configuring the Group By component?

A. Divide

B. True if Some

C. Multiply

D. Average