Showing 1 - 4 of 4
Undoubtedly, Customer Relationship Management (CRM) has gained its importance through the statement that acquiring a new customer is several times more costly than retaining and selling additional products to existing customers. Consequently, marketing practitioners are currently often focusing...
Persistent link: https://www.econbiz.de/10004982848
Several studies have demonstrated the superior performance of ensemble classification algorithms, whereby multiple member classifiers are combined into one aggregated and powerful classification model, over single models. In this paper, two rotation-based ensemble classifiers are proposed as...
Persistent link: https://www.econbiz.de/10009143417
This study investigates the advantage of social network mining in a customer retention context. A company that is able to identify likely churners in an early stage can take appropriate steps to prevent these potential churners from actually churning and subsequently increase profit. Academics...
Persistent link: https://www.econbiz.de/10011083093
The purpose of this paper is to evaluate whether pictorial data can improve customer churn prediction and, if so, which pictures are most important. We use Random Forest and five times twofold cross-validation to analyze how much pictorial stimulus-choice data increase the AUC and top decile...
Persistent link: https://www.econbiz.de/10011083192