Random Multinomial Logit - Application

Application

The developers of the RMNL technique (Prinzie & Van den Poel, 2008) show in their application paper the usefulness of the technique for cross-sell analysis in customer relationship management.

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Famous quotes containing the word application:

    Great abilites are not requisite for an Historian; for in historical composition, all the greatest powers of the human mind are quiescent. He has facts ready to his hand; so there is no exercise of invention. Imagination is not required in any degree; only about as much as is used in the lowest kinds of poetry. Some penetration, accuracy, and colouring, will fit a man for the task, if he can give the application which is necessary.
    Samuel Johnson (1709–1784)

    We will not be imposed upon by this vast application of forces. We believe that most things will have to be accomplished still by the application called Industry. We are rather pleased, after all, to consider the small private, but both constant and accumulated, force which stands behind every spade in the field. This it is that makes the valleys shine, and the deserts really bloom.
    Henry David Thoreau (1817–1862)

    By an application of the theory of relativity to the taste of readers, to-day in Germany I am called a German man of science, and in England I am represented as a Swiss Jew. If I come to be regarded as a bĂȘte noire the descriptions will be reversed, and I shall become a Swiss Jew for the Germans and a German man of science for the English!
    Albert Einstein (1879–1955)