What is applicable scope in SAP CEC-MKT-ML-PRE - Predictive Studio?

SAP Term: applicable scope

• Component: CEC-MKT-ML-PRE

• Component Name: Predictive Studio

• Description: The business context for which a predictive model is valid.

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• Key Concepts: 
  Applicable scope is a term used in SAP Predictive Studio to refer to the range of data that is used to create a predictive model. It is the set of data points that are used to train the model and determine its accuracy. The applicable scope can be adjusted to include more or fewer data points, depending on the desired accuracy of the model. 
  
  How to use it: 
  In SAP Predictive Studio, applicable scope is set by selecting the data points that will be used to train the model. This can be done by selecting specific columns or rows of data, or by using a filter to select only certain types of data. Once the applicable scope has been set, the model can be trained and tested using this data. 
  
  Tips & Tricks: 
  When setting the applicable scope for a predictive model, it is important to consider how much data is needed for accurate results. Too little data can lead to inaccurate predictions, while too much data can lead to overfitting and poor performance. It is also important to consider how much time and resources are available for training and testing the model. 
  
  Related Information: 
  For more information on applicable scope in SAP Predictive Studio, please refer to the official documentation here: https://help.sap.com/viewer/product/CEC-MKT-ML-PRE/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html