Predictive Analytics Dramatically Cuts Admissions Discount Rate


Conway, NH (PRWEB) June 13, 2013

Washington and Lee College of Law utilized data analytics as the key tool to support them bring their admissions discount rate under manage. At the time, they had been giving about 53% of the tuition they collected back in financial help.

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John Keyser, Associate Dean for Administration and Technology was tasked to bring that down towards 30%. This essential him to connect information and employees across groups within the university. This forced the folks in diverse departments to talk to a single one more and face whether the data was valid or not. It needed us to come up with a method and work at an iterative, continuous improvement procedure, says John.

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Using Speedy Insights predictive analytics computer software John developed an admissions model and utilized it to score planned admissions provides before they were sent out, estimating how a lot of students will matriculate and the quantity of scholarship income that would be taken off the table. Admissions then utilized these numbers to make their actual provides and monetary aid choices.

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John summarizes the final results of their predictive modeling implementation this way – We did, in fact, lessen our discount rate (in the quite initial year) from 53% to the low 30s. And we did it even though sustaining most of our top quality indicators. Its been extremely, quite productive for us.

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Read the full case study at http://www.rapidinsightinc.com/download.

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About Speedy Insight Inc.

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Speedy Insight Inc. is a major provider of predictive analytics software program and options offering organizations the ability to make data driven decisions. Focusing on speed, efficiency and usability, Speedy Insight items allow users of any talent level to rapidly turn their raw data into actionable details. The company’s analytic application platform simplifies the extraction, evaluation, reporting and modeling of data for clientele ranging from tiny businesses to Fortune 500 organizations. Founded in 2002 in Conway, New Hampshire with offices in Boston, MA. For more data, pay a visit to: http://www.rapidinsightinc.com..

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