Customer lifetime value predictive model with Python

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Customer lifetime value predictive model with Python

About this course

If you wish to start the data analytics career or apply machine learning expertise into business, this is the right course you must choose!Here I will provide a series of lectures on a practical marketing AI model -- 'Customer Life Value Model', or CLV model. The method is also sometimes called the 'repurchase modeling'. I would say what you will learn is a very useful AI forecasting model for marketing campaign and promotion. Because the CLV models I am teaching in this course are currently widely used in retail banking, insurance, and other sales-related industries. Why? Since it helps business owners select the most valuable customers to get their business better and better!The value of my course is mainly reflected in the following aspects:1. The CLV models can be quickly created because the process and features for building models are very concise and efficient.2. One can utilize the model to predict the customer's purchase behavior or purchase preference for a specific merchandise in a given future time period.3. The CLV model can be used to predict the probability of customers' repurchase behavior.4. The CLV model can be used to analyze the activity and loyalty of different customers -- help you solve customer retention problems.5. Based on the output of the CLV model, business owners can calculate and rank the customer lifetime value.The objective of the course is to let you master how to effectively use the big data and AI algorithms for intelligent marketing. For example, if you can successfully predict who will buy the commodities in the next month based on historical transaction data, then you would effectively apply some market strategies into these customers, like by launching advertisements, applying recommender systems for ‘cross sales’ or ‘cross recommendation’ At the same time, The business owners will also realize from the model's prediction who are not interested in the goods or services they are providing, perhaps they can adopt some

What you'll learn

  • create and implement CLV models using Python
  • predict customer purchase behavior and preferences
  • analyze customer loyalty and activity
  • calculate and rank customer lifetime value
  • apply data-driven marketing strategies based on model predictions

Course objectives

  • master the use of big data and AI algorithms for marketing
  • effectively predict which customers are likely to make future purchases

Skills you'll gain

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