Given N = Number of purchases, t = Time of last purchase, T = Time elapsed between
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Given N = Number of purchases, t = Time of last purchase, T = Time elapsed between acquisition of customer and present time, and T = 1/T, (T*)" estimates the probability a customer is still active at time T.
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Related Book For
Marketing Analytics: Data-Driven Techniques With Microsoft Excel
ISBN: 216520
1st Edition
Authors: Wayne L Winston
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