Baier, Daniel; Stöcker, Björn - In: Journal of Business Economics 92 (2021) 4, pp. 645-673
In order to select "best" customers for a direct marketing campaign, response models are widespread: a sample of customers receives an ad, a catalog, a sample pack, or a discount offer on a test basis. Then, their responses (e.g., website visits, conversions, or revenues) are used to build a...