Bayesian inference is a method in which Bayes’ theorem is used to update the probability for a hypothesis as more evidence or information becomes available. Bayesian inference has found application in a wide range of activities, including science, enginee…
… churn management lies in being able to identify the early warning signals from potential attritors. If I know early enough that a specific customer is likely to leave my business, I can take proactive steps to prevent it from happening. And this is where analytics can play a transformational role. Let’s have a look at a few aspects w…