... better data and more data scientists, both of which are costly. Yet even inaccurate models can be profitable. Direct mail campaigns often have a 1% response rate which means that they're wrong 99% of the time. Many retail websites have just a 2% ...
http://www.dmnews.com/acxioms-inaccurate-data-and-why-its-so-useful/article/312329/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DMNewsHome+%28DMNews+Home%29
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