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? 1. Identifying people who don¨t pay their taxes.
? 2. Calculating the probability of having a stroke in the next 10 years.
? 3. Spotting which credit card transactions are fraudulent.
? 4. Selecting suspects in criminal cases.
? 5. Deciding which candidate to offer a job to.
? 6. Predicting how likely it is that a customer will become bankrupt.
? 7. Establishing which customers are likely to defect to a rival phone plan
? when their current contract is up.
? 8. Producing lists of people who would enjoy going on a date with you.
? 9. Determining what books, music and films you are likely to purchase next.
? 10. Predicting how much you are likely to spend at your local supermarket
? next week.
? 11. Forecasting life expectancy.
? 12. Estimating how much someone will spend on their credit card this year.
? 13. Inferring when someone is likely to be at home (so best time to call them).
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Airbnb and Big data: ^Price Tips ̄
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? Price Tips is a guide that tells hosts, for each day of the
year, how likely it is for them to get a booking at their
current price.
? Hosts can see what dates are likely to be booked at their
current price (green) and which aren¨t (red).
? When price is within 5% of the suggested price, the
chances are nearly four times to get a booking.
Linear Model
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