CAIC 9.3 Flashcards
(124 cards)
What are some marketing tactics employed by retailers?
Direct marketing emails, digital advertisements, incentives, discounts based on demographics
These tactics aim to attract potential customers.
What is the primary goal of marketing campaigns in retail?
Achieve a high conversion rate while minimizing advertising costs and reducing customer disturbances.
What role do ML models play in marketing campaigns?
Optimize the effectiveness of marketing campaigns by identifying potential customers and appropriate messaging.
What is customer segmentation in marketing?
Understanding different customer segments to improve marketing campaign effectiveness.
What is unsupervised clustering in customer segmentation?
Grouping customers based on demographic data without predefined labels.
Fill in the blank: Highly personalized _______ can improve conversion rates.
marketing campaigns
What type of data is used to create accurate individual profiles for targeted marketing?
Historical transaction data, response data to historical campaigns, social media data.
What is contextual advertising?
A targeted marketing technique that displays ads relevant to the content on a web page.
How does generative AI enhance targeted marketing?
Creates dynamically personalized content tailored to individual customer preferences.
Why is understanding consumer perception crucial for retail businesses?
It significantly impacts their success and brand reputation.
What is sentiment analysis?
A text classification problem that determines whether sentiment is positive, negative, or neutral.
How do ML algorithms assist in sentiment analysis?
By training models to detect sentiment in text data.
What techniques do retailers use to assess customer sentiment?
Soliciting feedback, monitoring social media channels.
What is the purpose of inventory planning and demand forecasting in retail?
Manage inventory costs while maximizing revenue and avoiding out-of-stock situations.
What limitations do traditional methods for demand forecasting have?
Accuracy and reliability issues.
What statistical techniques are retailers using for demand forecasting?
Regression analysis, deep learning.
Fill in the blank: ML-based forecasting models can generate both _______ and probabilistic forecasts.
point forecasts
What is the significance of AI and ML in the automotive industry?
Improving efficiency, safety, and customer experience.
What is one of the most significant applications of AI and ML in the automotive industry?
Autonomous driving.
What are the three main stages of the system architecture in autonomous vehicles?
Perception and localization, decision and planning, control.
What is the role of the perception stage in autonomous driving?
Gathering information about surroundings and determining the vehicle’s position.
What types of sensors are used in the perception stage of autonomous vehicles?
RADAR, LIDAR, cameras.
What does the decision and planning stage in autonomous driving do?
Controls the motion and behavior of the vehicle based on perception data.
How do AI and ML enhance the path planning process in autonomous vehicles?
By analyzing real-time data, traffic patterns, and user inputs.