Beyond Binary: Unlocking Business Insights with the Power of Multinomial Classifiers

Beyond Binary: Unlocking Business Insights with the Power of Multinomial Classifiers
Multinomial classifiers open new possibilities for making business insights richer and more actionable. Unlike traditional binary models, which predict simple yes-or-no outcomes, multinomial classifiers dive deeper—identifying the specific reasons behind customer behaviors. In this blog, we’ll explore how multinomial classifiers can transform insights, using customer retention in a streaming service as a powerful example of ...