top | item 14618756

(no title)

brockf | 8 years ago

Survival modeling is exactly what's needed for these situations. It allows you to (a) consider censored data (i.e., active customers who you know stay for at least X months) and, (b) use flexible survival distributions beyond the standard exponential distribution assumed in the typical monthly churn rate calculations.

Source: Run a data science company and we work on a lot of customer lifecycle modeling projects with companies much younger than yours.

discuss

order

dfee|8 years ago

I've done a bit of survival modeling, but my purpose was to understand retention across cohorts with certain attributes (typically, sign-up date, though occasionally campaign).

I'm interesting in how you've used this to model churn. Is there a blog post or resource you recommend to learn more about this?