How Long to Read Maximizing profit in uplift modeling through regret-optimal policy learning strategies

How Long Does it Take to Read Maximizing profit in uplift modeling through regret-optimal policy learning strategies?

It takes the average reader and 52 minutes to read Maximizing profit in uplift modeling through regret-optimal policy learning strategies by Jon Henrik Rosenkranz

Assuming a reading speed of 250 words per minute. Learn more

Description

Bachelor Thesis from the year 2023 in the subject Computer Science - Commercial Information Technology, grade: 1.0, Humboldt-University of Berlin (Wirtschaftsinformatik), language: English, abstract: The aim of this study is to provide this framework as well as benchmark business performance of both Uplift Modeling and Reinforcement Learning. Furthermore, the framework will account for the essential requirements of profit maximization in real-world business scenarios that have rarely been covered in uplift literature. Specifically, it incorporates covariates that capture the expected revenue and costs associated with a given action, which are necessary to account for the heterogeneity in spending patterns and action costs. Profit maximization is traditionally known as one of the key objectives of a firm and requires little explanation. In a marketing context, it translates to targeting only the relevant individuals, namely those that will react favorably to receiving a form of treatment. Identifying precisely those individuals has been subject of two distinct Machine Learning approaches that are associated with optimal decision-making: Uplift Modeling and Reinforcement Learning. Despite their shared focus, both techniques are fundamentally distinct from each other. Uplift Modeling utilizes labeled data to predict the uplift of an action, whereas Reinforcement Learning is an iterative, label-free technique that aims to determine the optimal decision, incorporating the uplift. However – to date – research has scarcely examined the comparative effectiveness of these two approaches, nor has it explored the feasibility of an integrated framework that leverages both disciplines.

How long is Maximizing profit in uplift modeling through regret-optimal policy learning strategies?

Maximizing profit in uplift modeling through regret-optimal policy learning strategies by Jon Henrik Rosenkranz is 52 pages long, and a total of 13,104 words.

This makes it 18% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Maximizing profit in uplift modeling through regret-optimal policy learning strategies Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Maximizing profit in uplift modeling through regret-optimal policy learning strategies aloud.

What Reading Level is Maximizing profit in uplift modeling through regret-optimal policy learning strategies?

Maximizing profit in uplift modeling through regret-optimal policy learning strategies is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

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