ISSN: 1314-3344
+44-77-2385-9429
Department of Mathematics, University of Toronto, Toronto, Canada
Research Article
A Study on Applying Artificial Intelligence and Machine Learning for Modeling and Predicting Customer Behaviors, Churning and Conversion
Author(s): Alderic Pierre*
Digital companies have become an important provider of items, products, and services and they are increasingly
replacing traditional markets. The growth of this business has created a heated competition among digital companies
to extend their customer base and increase revenue. For this purpose, digital companies are now aware of the
importance of gaining new customers and more importantly, maintaining existing customers as acquiring new
customers is more expensive than retaining existing customers. That is why e-companies do their best to build strong
bonds with their customers and support all efforts to predict possible churners and take proactive actions towards
potential churners.
In this paper we will build a framework based on time-series Markov model that performs both potential churn
customers prediction and predicts visitors who tend to exit from .. View More»
DOI:
10.35248/2574-0407.23.13.196