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Activity Number: 540
Type: Contributed
Date/Time: Thursday, August 10, 2006 : 10:30 AM to 12:20 PM
Sponsor: Section on Statistics and Marketing
Abstract - #306427
Title: A New Methodology to Modeling Prospects of Corporate Database
Author(s): Kangkang Xu*+
Companies: Experian
Address: 955 American Lane, Schaumburg, IL, 60173,
Keywords: corporate database marketing ; profile model ; panel data
Abstract:

Profile models are built to identify good prospects for clients in huge corporate database. To modeling prospects, there is a common modeling bias in this industry because of corporate database structure. We propose a new modeling design to profile prospects. In stand of using cross sectional data regression, we structure panel data to profile new custom by modeling time series and cross sectional data. We also structure custom purchase behavior by utilizing affinity modeling for purchases that provides a better panel data for modeling. We also make universe pre-selection/clustering to reduce bias that is caused by corporate database structure.


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