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Feature Engineering Techniques based on CLV for Customer Churn Prediction

첫 페이지 보기
  • 발행기관
    한국차세대컴퓨팅학회 바로가기
  • 간행물
    한국차세대컴퓨팅학회 학술대회 바로가기
  • 통권
    The 9th International Conference on Next Generation Computing 2023 (2023.12)바로가기
  • 페이지
    pp.151-156
  • 저자
    Ekasak Chitcharoen, Khanyaluck Subkrajang, Maleerat Maliyaem
  • 언어
    영어(ENG)
  • URL
    https://www.earticle.net/Article/A448139

원문정보

초록

영어
Customer Churn Prediction is the process of identifying customers who are likely to stop using a company's products or services in the near future that is critical for the long-term financial stability of a business. Retaining existing customers is often more cost-effective than acquiring new ones, making churn prediction a key focus for customer relationship management (CRM). This study aimed to identify customer churn in data source containing 8,047 sale transactions with various features such as sales, profit, and product category. The four techniques of churn labels generation were introduced base-on features of Time, Value, and Feedback. Additionally, a combination of Time and Value also used to test. The data was split into 80% training and 20% testing subsets, focusing on seven selected features and the Multiple Criteria churn label. Four machine learning models—Random Forest (RF), Logistic Regression (LR), Gradient Boosting (GB), and Support Vector Machines (SVM) were used to create model. The results showed that LR (73.60%) and SVM (71.70%) performed a good performance in terms of accuracy. However, to compare with dataset that included churn label as E-commerce Customer Behavior and Purchase Dataset [23] the results showed that the proposed techniques can be used to impute a churn label attribute which effecting to a classification model.

목차

Abstract
I. INTRODUCTION
II. RELATED WORK
A. Customer Churn in Retail Business
B. Customer Lifetime Value (CLV)
C. Machine Learning Algorithms
D. Feature engineering for create new target label with Multiple Criteria Techniques
III. RESEARCH METHODOLOGY
A. Churn prediction process
B. Data Collection and Data Preparation Procession
C. Feature Engineering
D. Data Splitting
E. Model Selection
IV. PERFORMANCE EVALUATION
V. Experiment Results
VI. CONCLUSION
REFERENCES

키워드

Feature Engineering CLV Customer Churn Prediction Retail Business Machine Learning

저자

  • Ekasak Chitcharoen [ Department of Information Technology and Digital Innovation King Mongkut’s University of Technology North Bangkok Bangkok, Thailand ]
  • Khanyaluck Subkrajang [ Department of Information Technology and Digital Innovation King Mongkut’s University of Technology North Bangkok Bangkok, Thailand ]
  • Maleerat Maliyaem [ Department of Information Technology and Digital Innovation King Mongkut’s University of Technology North Bangkok Bangkok, Thailand ]

참고문헌

자료제공 : 네이버학술정보

간행물 정보

발행기관

  • 발행기관명
    한국차세대컴퓨팅학회 [Korean Institute of Next Generation Computing]
  • 설립연도
    2005
  • 분야
    공학>컴퓨터학
  • 소개
    본 학회는 차세대 PC 및 그 관련분야의 학술활동을 통하여 차세대 PC의 학문 및 기술발전을 도모하고 산업발전 및 국제협력 증진을 목적으로 한다.

간행물

  • 간행물명
    한국차세대컴퓨팅학회 학술대회
  • 간기
    반년간
  • 수록기간
    2021~2025
  • 십진분류
    KDC 566 DDC 004

이 권호 내 다른 논문 / 한국차세대컴퓨팅학회 학술대회 The 9th International Conference on Next Generation Computing 2023

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