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by brockf 3277 days ago
Survival modeling is exactly what's needed for these situations. It allows you to (a) consider censored data (i.e., active customers who you know stay for at least X months) and, (b) use flexible survival distributions beyond the standard exponential distribution assumed in the typical monthly churn rate calculations.

Source: Run a data science company and we work on a lot of customer lifecycle modeling projects with companies much younger than yours.

1 comments

I've done a bit of survival modeling, but my purpose was to understand retention across cohorts with certain attributes (typically, sign-up date, though occasionally campaign).

I'm interesting in how you've used this to model churn. Is there a blog post or resource you recommend to learn more about this?