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Another way to do this is based on a paper by Fader & Hardie [0] that uses a probabilistic model, instead of a regression-based one. It's highly readable, and v
by numlocked 10y ago
Another way to do this is based on a paper by Fader & Hardie [0] that uses a probabilistic model, instead of a regression-based one. It's highly readable, and very intuitive. The technique workss particularly well when there's only limited cohort data (e.g. early days of a startup) and you can't just blend years of prior cohort data. A former colleague and I made a web-based implementation as a little weekend project if anyone wants to try it out: http://retentionizer.herokuapp.com http://retentionizer.herokuapp.com
[0] https://marketing.wharton.upenn.edu/files/?whdmsaction=public:main.file&fileID=341 https://marketing.wharton.upenn.edu/files/?whdmsaction=publi...
- hellameta 10y agothis is great, thank you for sharing