Micro-Segmentation Modeling
A segmentation approach that creates very high numbers of segments,
often in the thousands.
Model
An abstracted view of reality. Within analytics, it often refers to a math-
ematically or logically defi ned function that helps simplify multidimen-
sional information into a small set of useful measures.
Model Deployment
The process by which models are migrated from a discovery environment
into an operational environment and used to provide ongoing scoring
processes.
Model Development
The process by which models are created.
Model Factory
A service designed to support the rapid creation and execution of analyti-
cal methods. They often make heavy use of automation, templates, and
other mass-production methods to achieve scale and effi ciency that would
otherwise be impossible.
Monte Carlo Sampling
A process by which samples are repeatedly drawn with replacement from
an existing population. Typically, Monte Carlo sampling is used as an input
generation process to run a variety of simulations and capture the result-
ing outputs.
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