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I've seen this brought up a lot, but if you split all your customers into people who have ordered washing machines in the last month and people who haven't, the
by Rebelgecko 5y ago
I've seen this brought up a lot, but if you split all your customers into people who have ordered washing machines in the last month and people who haven't, the first group is almost certainly more likely to be ordering a washing machine in the near future. Keep in mind that Amazon also knows the exact return rate for every item.
Even if 99% of washing machine buyers won't be in the market for a new one, that's probably still a better ratio than you'd get from advertising to random people who haven't bought one lately.
- mrguyorama 5y ago>but if you split all your customers into people who have ordered washing machines in the last month and people who haven't, the first group is almost certainly more likely to be ordering a washing machine in the near future If, after 30 years of putting our best minds on the problem, this is the best we can do, then the entire advertising industry deserves to be burnt to the ground for making zero progress while wasting untold riches
- Rebelgecko 5y agoI prefer to see it as a reminder of the omnipresent power of Bayesian inference :)