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Predicting customer value per product: From RFM to RFM/P

机译:预测每种产品的客户价值:从RFM到RFM / P.

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摘要

Recency, frequency, and monetary (RFM) models are widely used to estimate customer value. However, they are based on the customer perspective and do not take the product perspective into account. Furthermore, predictability decreases when recency, frequency, and monetary values vary among product categories. A RFM per product (RFM/P) model is proposed to first estimate customer values per product and then aggregate them to obtain the overall customer value. Empirical applications for a financial services company and a supermarket demonstrate that RFM/P opens up the possibility to combine customer and product perspectives. Additionally, when there are changes in customer purchase behavior regarding recency per product and frequency per product, which is usual, RFM/P prediction accuracy was found to be better than traditional RFM.
机译:新闻,频率和货币(RFM)模型广泛用于估计客户价值。但是,它们基于客户的角度,并不考虑到产品的视角。此外,在产品类别中的新近度,频率和货币值之间变化时可预测性降低。每个产品(RFM / P)模型的RFM都建议首次估计每个产品的客户值,然后聚合它们以获得整体客户价值。金融服务公司和超市的经验申请表明RFM / P打开了将客户和产品观点结合起来的可能性。此外,当有关于每个产品的新兴的客户购买行为的变化和每个产品的频率,通常发现RFM / P预测准确性比传统RFM更好。

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