BayesiaLab Webinar Series
Beyond Effect Sizes: Establishing Priorities Using Target Dynamic Profile
Recorded on November 13, 2019.
Common sense suggests that we always choose the activity with the strongest positive effect on the desired outcome as our top priority for action. For instance, in analyzing call center performance, a statistical model may suggest that the average wait time has the strongest effect on callers' overall satisfaction. With that, and ignoring cost for now, we would want to reduce the wait time as our top priority, right? Maybe not.
The critical concept to consider here is joint probability. Unfortunately, in many modeling frameworks, this quantity does not even appear. Hence, any optimization effort would not be able to utilize the joint probability in determining the order of priorities.
Modeling a problem domain with Bayesian networks and BayesiaLab, however, one can calculate the joint probability and use it for optimization purposes. BayesiaLab performs this particular type of optimization with its Target Dynamic Profile function.
Example: Key Drivers Analysis
In this webinar, we illustrate how we can use Target Dynamic Profile for identifying the sequential order in which the key drivers should be improved for maximizing overall customer satisfaction.
|At your convenience||On your desktop/laptop||Introductory Course (60-Day Self-Study Edition)|
|At your convenience||On your desktop/laptop||Advanced Course (60-Day Self-Study Edition)|
|March 24–26, 2020 — CANCELLED||Boston, MA, USA||3-Day Introductory Course|
|April 7–9, 2020 — CANCELLED||Paris, France||3-Day Introductory Course|
|May 6–8, 2020||Seattle, WA, USA||3-Day Introductory Course|
|May 11–13, 2020||Seattle, WA, USA||3-Day Advanced Course|
|June 15–17, 2020||Paris, France||3-Day Advanced Course|
|October 5–7, 2020||Toronto, ON, Canada||3-Day Introductory Course|
|October 13–15, 2020||Toronto, ON, Canada||3-Day Advanced Course|
Seminars, Webinars, and Conferences
|March 20, 2020||Free Webinar||Reasoning Under Uncertainty (Part 1): Differential Diagnosis of Diseases|
|March 26, 2020||Free Webinar||Reasoning Under Uncertainty (Part 2): Epidemic Modeling with Temporal Bayesian Networks|
|Please check out our archive of recordings of previous events in the BayesiaLab Community.|