Enhancing Lead Score Conversion Rate Using Logistic Regression
摘要
Businesses frequently collect massive amounts of information like surfing behavior, email activity, and other personal data. By applying statistical analysis to estimate a contact's transaction likelihood, this data can provide a significant competitive edge. Most businesses struggle with weeding out potential consumers from their audience. These consumers called leads are very beneficial for various purposes like enhancing a firm’s sales or expanding the business etc. The purpose of conducting this work is to find potential leads from existing consumers so that a company named X Education can enhance its conversion rate. Machine learning techniques are used for this work. We applied a logistic regression model to the data to convert the poor leads into hot leads. A generalized linear model was also used for getting the potential information of a lead and working on them. After applying the regression model the conversion rate was found to be increased to 70%.