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What is Dynamic Pricing?

It's Predicting how much you are willing to pay and then customize the price we offer you for a service or product.

What are the Limitations of CNNs?

  • Important objects un user generated images may appear partially or distorted


  • Images that contain brand elements may be presented as a combination of text and visuals rather than just visuals.


  • Users image sharing may happen in different contexts


  • Understand the consumers motives behind image sharing behavior is difficult if we rely only on image classification algorithm 


  • Practitioners are recommended to complement deep learning techniques with behavioral research behavior methods to make the most of their image datasets

How does the convolutional Neural Network for brand logo detection work?

Convolution -> Pooling -> Fully connected layer / Classification

What are the Marketing Applications of Image Analytics?

  • Advertising 
  • Branding
  • Product Design 
  • Product Presentation

Rule of thumb (NN)

Count midway between neurons in input and output layer.

What is a Sigmoid function?

(Logistic curve), send very negative close to 0 and very positive numbers close to 1

What is the Activation function?

It makes sure the activation number is between 0 and 1

What are biases?

They inform us about how hight the weighted sum needs to be before the neuron becomes active.

What are weights in NN?



They tell us which pattern the first neuron if the first hidden layer captures from the input layer.


What are important components of neural networks?



  • Weight
  • Bias
  • Activation function
  • Sigmoid function


What are neurons?



mathematical functions that transform input data in ways that allow the model to make predictions, classify data, or recognize pattern.

What are Neural Networks?



A class of machine learning models inspired by the structure of the function of a human brain. They are designed to recognize patterns and learn from data.

What is Human-Level Performance?


For some tasks, comparing to human-level performance can be a good benchmark. If a task is extremely difficult or even for humans, achieving new-human performance might be considered very good.


What are Cost of Miscommunication?



In some domains the cost of wrong prediction can be very high. In such cases, even a very high accuracy might not be sufficient if the consequences of errors are severe.

What is Domain-Specific Benchmarks?



in many fields, there are benchmarks datasets with known "good" accuracy levels. Comparing against these benchmarks can provide context for your models performance.

What is Problem Complexity? 



More complex problems. like image or speech recognition, might have lower acceptable accuracies compared to simpler problems.

What is Baseline Accuracy?



Compare your models accuracy against a baseline. 


(simple model-random classifier, or classifier that always predicts the most frequent class)

Name the possible Performance Evaluations



  • Baseline Accuracy 
  • Problem Complexity 
  • Domain-Specific Benchmarks
  • Cost of Misclassification
  • Human-level Performance


Name two modeling approaches 


  • Statistical (linear) approximation 
  • Machine learning approximation


Name the supervised learning methods for classification problems 


  • Logistic Regression 
  • Naive Bayes 
  • Decision Tree 
  • Neural Networks


What are structural procedures (Supervised Learning)

Training data necessary to identify factors and factor relationship

Prediction for new data based on learned structure. (train vs. test)


What are structure-discovering methods (unsupervised learning)?



No training data, structure is derived directly from the data set.

What is Dynamic Re-Targeting?


Hihgly personalized ad: Show exactly the product consumer has previously been engaged with.


potential drawback: Overpersonalization


What is Semi Dynamic Re-Targeting?


Targeting with limited personalization: More concrete re-targeting by reminding consumer of context of previous encounter by showing for instance, category-specific ad.


What is Generic Re-Targeting?


Targeting with no personalization: Present only brand in new ad to remind potential customer of previous brand engagement.


What is Deep Learning? 



A substet of machine learning which uses deep artificial neural networks as models and automatically builds a hierarchy of data representations.


What is Artificial neural networks?


Brain inspired machine learning models.


What is Machine learning?


Algorithm that allow computers to learn from examples without being explicitly programmed.


What is Artificial Intelligence?



Any technique that enable machines to solve a task in a way like humans do.

Terminology (Going from the outside to the inside/ deeper)


  1. Artificial Intelligence (AI)
  2. Machine Learning (ML)
  3. Artificial neural networks (ANN)
  4. Deep Learning (DL)