The churn rate is very important in the retail industry, as it provides clarity on the quality of the business, shows customer satisfaction with the product or service, and allows for comparison with competitors to gauge an acceptable level of churn. To better assess our approach to the churn prediction...
How to predict customer churn
Customer churn is a business metric that measures the number of customers, accounts, etc. that a business has lost over some time and is typically expressed as a rate, being the inverse of the renewal rate, i.e. an 80% renewal rate is the equivalent of a 20% customer churn rate.