Machine Learning Technique in Real-Time Quoting System to Optimize Quote Conversion Rates

摘要

A system, method, and computer-readable medium for optimizing quote conversion rates. The optimizing quote conversion rates includes identifying an open quote associated with a particular potential acquirer of a deliverable; identifying input data related to the open quote; generating a prediction of a propensity of a particular open quote to be converted using the input data; and, using the prediction of the propensity of the particular open quote to optimize conversion of the open quote.