Wiley & sas business Series

   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.