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Application of machine learning in marketing

Introduction The study of methods or algorithms meant to understand the underlying patterns in data and generate predictions based on these patterns is known as Machine Learning (ML). In marketing, academic research has typically focused on causal inference. The requirement to generate counterfactual predictions drives the focus on causation. Will rising advertising spending, for example,
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This post first appeared on Challenges Faced By PhD Students While Analyzing Their Quantitative Data, please read the originial post: here

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Application of machine learning in marketing

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