What is acceptance rate in SAP (CEC-MKT-PRI - Recommendation)?

SAP Term: acceptance rate

• Component: CEC-MKT-PRI

• Component Name: Recommendation

• Description: A key figure that evaluates a model based on the proportion of recommended items that are added to customer shopping carts.

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• Key Concepts: 
  Acceptance rate is a metric used to measure the success of a CEC-MKT-PRI Recommendation. It is calculated by dividing the number of accepted recommendations by the total number of recommendations sent out. This metric helps to determine how effective the recommendation engine is in providing relevant and useful recommendations to customers. 
  
  How to use it: 
  The acceptance rate can be used to measure the success of a CEC-MKT-PRI Recommendation. It is calculated by dividing the number of accepted recommendations by the total number of recommendations sent out. This metric can be used to identify areas for improvement in the recommendation engine, such as providing more relevant and useful recommendations to customers. 
  
  Tips & Tricks: 
  It is important to track the acceptance rate over time in order to identify trends and areas for improvement. Additionally, it is important to compare the acceptance rate with other metrics such as customer satisfaction and conversion rate in order to get a better understanding of how successful the recommendation engine is. 
  
  Related Information: 
  The acceptance rate can be used in conjunction with other metrics such as customer satisfaction and conversion rate in order to get a better understanding of how successful the recommendation engine is. Additionally, it can be used to identify areas for improvement in the recommendation engine, such as providing more relevant and useful recommendations to customers.