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Expert Systems
ORIGINAL ARTICLE

A divide‐and‐conquer strategy using feature relevance and expert knowledge for enhancing a data mining approach to bank telemarketing

Sérgio Moro

Corresponding Author

E-mail address: scmoro@gmail.com

Instituto Universitário de Lisboa (ISCTE‐IUL), ISTAR‐IUL, Lisboa, Portugal

ALGORITMI Research Centre, University of Minho, Guimarães, Portugal

Correspondence

Sérgio Moro, Instituto Universitário de Lisboa (ISCTE‐IUL), ISTAR‐IUL, Lisboa, Portugal.

Email: scmoro@gmail.com

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Paulo Cortez

ALGORITMI Research Centre, University of Minho, Guimarães, Portugal

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Paulo Rita

CIS‐IUL, Instituto Universitário de Lisboa (ISCTE‐IUL), Lisbon, Portugal

NOVA Information Management School (NOVA IMS), Universidade Nova de Lisboa, Lisbon, Portugal

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First published: 26 October 2017
Cited by: 3
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Abstract

The discovery of knowledge through data mining provides a valuable asset for addressing decision making problems. Although a list of features may characterize a problem, it is often the case that a subset of those features may influence more a certain group of events constituting a sub‐problem within the original problem. We propose a divide‐and‐conquer strategy for data mining using both the data‐based sensitivity analysis for extracting feature relevance and expert evaluation for splitting the problem of characterizing telemarketing contacts to sell bank deposits. As a result, the call direction (inbound/outbound) was considered the most suitable candidate feature. The inbound telemarketing sub‐problem re‐evaluation led to a large increase in targeting performance, confirming the benefits of such approach and considering the importance of telemarketing for business, in particular in bank marketing.

Number of times cited according to CrossRef: 3

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