Jerath, Kinshuk; Fader, Peter S.; Hardie, Bruce G. S. - In: Marketing Science 30 (2011) 5, pp. 866-880
"alive" for some period of time and then become permanently inactive. The best-known such model is the Pareto/NBD, which … BG/NBD, assumes that customer attrition follows a Bernoulli "coin-flipping" process that occurs in "transaction time" (i … out" or continues as a customer. For the component of purchasing while alive, we maintain the assumptions of the Pareto/NBD …