Knowledge

Article: Retail

Preventive Medicine

Aug 7, 2009

Preventive Medicine

Managing attrition, one customer at a time.

A good analytical strategy can effectively inoculate your best customers against attrition. And just as flu vaccines rely on injections of live virus to stimulate the immune system, so too do attrition models rely on historical data based on live attrition events to stimulate customer loyalty. Consider attrition modeling the preventive medicine of loyalty marketing.

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