Analytics Magazine Analytics Magazine, January/February 2014 | Page 59

decide whether a sufficient number of records remain for the analysis to produce meaningful results. The following example illustrates how the true distribution can become distorted when the source of missing values is not identified properly. THE STORY OF MY AUNT SUSANNE (Or missing values in the “age variable” in the customer database of a telephone provider) My Aunt Susanne purchased her phone in the mid-60s. Her date of birth c ontinuing ducation ESSENTIAL PRACTICE SKILLS FOR ANALYTICS PROFESSIONALS Topic areas: » Problem Framing » Developing the Work Plan » Testing Recommendations Next time I get a visionary assignment that needs some clarity, I’ll be using what I learned in this course to work towards a great solution! - Caroline Alexander, Fed Ex Corporation ” A NA L Y T I C S ANALYTICS PROFESSIONALS INFORMS Continuing Education program offers intensive, two-day in-person courses providing analytical professionals with key skills, tools, and methods that can be implemented immediately in their work environment. Topics areas: This course will be held Atlanta, GA – February 20-21, 2014 Boston, MA – March 28-29, 2014 San Jose, CA – June 20-21, 2014 Learn more about these courses at: informs.org/continuinged COURSES FOR DATA EXPLORATION & VISUALIZATION » Presenting Results » Impact Assessment “ was not collected at that time as the philosophy of “know your customers” and the need for customer data was nowhere near as vital then as it is today. Things changed in the 1990s with the deregulation of the telecommunications market; suddenly, the analysis of customer behavior became important. Since then, it has become mandatory for customers to provide their date of birth on a new contract or with a contract change. My aunt, however, never changed her contract type or answered any customer questionnaire.