Which decision component allows you to use a third-party Credit Risk Model 80% of the time and a Pega Credit Risk Model 20%?
Answer : D
TheSwitchcomponent allows you to use a third-party Credit Risk Model 80% of the time and a Pega Credit Risk Model 20%.
In a predictive model rule, the predictors must be mapped to
Answer : B
Customer properties are used to map predictors to customer data that is available in the system. They can be either scalar or aggregate properties. Reference: https://academy.pega.com/module/creating-and-understanding-decision-strategies-archived/topic/mapping-predictors-customer
Which two factors do you inspect to assess the general health of the adaptive models in Prediction Studio? (Choose Two)
Answer : C, D
To assess the general health of the adaptive models in Prediction Studio, you can inspect the performance of the models and the number of decisions. The performance of the models shows how well they predict customer behavior over time. The number of decisions shows how much data is available for each model to learn from. Reference: https://academy.pega.com/module/predicting-customer-behavior-using-real-time-data-archived/topic/monitoring-adaptive-models
What is the key component of a Next-Best-Action strategy?
Answer : A
The key component of a Next-Best-Action strategy is a strategy, which is a graphical representation of the business logic that determines which actions to offer to each customer and in what order. A strategy can use various components, such as business rules, predictive models, filters, prioritizers, etc., to achieve this goal. Reference: https://academy.pega.com/module/one-one-customer-engagement/topic/next-best-action-designer
When defining outcomes for an Adaptive Model you must define
Answer : C
When defining outcomes for an adaptive model, you must define one or more positive behavior values, which indicate that the customer accepted or responded to the offer. You can also define negative and neutral behavior values, but they are optional. Reference: https://academy.pega.com/module/predicting-customer-behavior-using-real-time-data-archived/topic/configuring-adaptive-models
What is the key difference between a predictive model and a human expert?
Answer : B
Pega Adaptive Models_________
Answer : C
Pega adaptive models learn about customer behavior in real time by analyzing the responses to each offer and updating their predictions accordingly. They do not require historical data, human effort, or inbound channels to function. Reference: https://academy.pega.com/module/predicting-customer-behavior-using-real-time-data-archived/topic/adaptive-models-overview