Pegasystems PEGAPCDC87V1 Dumps

 Ethical Bias Policy Configuration:

To allow minimal bias on age while ensuring eligibility (Age >= 18), an appropriate Gini coefficient threshold needs to be set.

The Gini coefficient measures statistical inequality, with 0 representing perfect equality and higher values indicating more bias.

 Choosing the Gini Threshold:

A 0.1 Gini coefficient is a low threshold that allows minimal bias.

It ensures that the actions are distributed fairly among customers while still respecting the eligibility condition.

 Detailed Explanation:

Setting a 0.1 Gini coefficient allows for slight variations in distribution, which is sufficient to accommodate the Age >= 18 requirement without introducing significant bias.

 Verification from Pega Documentation:

The Pega Customer Decision Hub User Guide explains the use of Gini coefficients for measuring and setting thresholds to control bias in decisioning strategies​​.

Pega Scenario Planner is the best tool for estimating the business value of a next-best-action run with the selected configuration:

Purpose of Scenario Planner:

Step 1: Pega Scenario Planner is designed to simulate and analyze the potential impact of business changes before they are implemented.

Step 2: It provides insights into how changes in decision strategies, engagement policies, or other configurations affect business outcomes.

Simulation Setup:

Step 1: Define the scenarios you want to test, including changes to the decision strategies or engagement policies.

Step 2: Configure the simulation to reflect the real-world conditions and customer data relevant to the business case.

Analyzing Results:

Step 1: Run the simulation and review the results to understand the estimated business value generated by the next-best-action run.

Step 2: Analyze key performance indicators (KPIs) such as acceptance rates, response rates, and financial metrics to evaluate the impact of the changes.

Example:

U+ Bank can use Pega Scenario Planner to simulate the presentation of Credit Card offers on their self-service portals, allowing them to estimate the business value generated by these offers based on the selected configuration.

References:

Pega-Customer-Decision-Hub-User-Guide-85.pdf: "Increasing your understanding of the effect of your business changes with the Scenario Planner" section.