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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is customer churn?
π‘ Hint: Think about the typical behavior of customers in a subscription service.
Question 2
Easy
What is a classification model used for?
π‘ Hint: Consider how Netflix recommends shows based on viewing habits.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the purpose of a classification model in predicting churn?
π‘ Hint: Consider what the classification process entails.
Question 2
True or False: Targeted interventions are usually less effective than generic strategies.
π‘ Hint: Think about personalization vs general offers.
Solve and get performance evaluation
Push your limits with challenges.
Question 1
Develop a comprehensive intervention strategy for a hypothetical telecom company experiencing a 25% churn rate. What data would you analyze, and what specific actions would you implement to reduce churn by 15%?
π‘ Hint: Think critically about customer experiences and how to enhance satisfaction.
Question 2
Evaluate the effectiveness of using machine-learning models for customer retention strategies compared to traditional marketing methods. What advantages might machine learning offer?
π‘ Hint: Consider the scalability and data analytics capabilities of machine learning.
Challenge and get performance evaluation