Application of data mining in term deposit marketing

Q. R. Zhuang, Y. W. Yao, O. Liu*

*Corresponding author for this work

Research output: Chapter in Book or Report/Conference proceedingConference Proceedingpeer-review

2 Citations (Scopus)

Abstract

Term deposits are facing challenges from both economic pressure and marketing competition. There are a number of valuable studies concerning bank and deposit marketing. These studies mentioned the significance of customers and customer segmentation in bank and deposit marketing. However, problems like obsolescence of data, inadequate maps, lack of data and specific methods encounter in practical application of deposit market segmentation. This research adopts data mining techniques through SPSS Modeler to predict customers’ term deposit subscription behaviors and understand customers’ features to improve the effectiveness and accuracy of bank marketing.

Original languageEnglish
Title of host publicationProceedings of the International MultiConference of Engineers and Computer Scientists 2018, IMECS 2018
EditorsOscar Castillo, David Dagan Feng, A.M. Korsunsky, Craig Douglas, S. I. Ao
PublisherNewswood Limited
ISBN (Electronic)9789881404886
Publication statusPublished - 2018
Event2018 International MultiConference of Engineers and Computer Scientists, IMECS 2018 - Hong Kong, Hong Kong
Duration: 14 Mar 201816 Mar 2018

Publication series

NameLecture Notes in Engineering and Computer Science
Volume2
ISSN (Print)2078-0958

Conference

Conference2018 International MultiConference of Engineers and Computer Scientists, IMECS 2018
Country/TerritoryHong Kong
CityHong Kong
Period14/03/1816/03/18

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