Question: Please identify what part of the ML process is represented by the activities described in the following scenario The management of a company identified customer

 Please identify what part of the ML process is represented by
the activities described in the following scenario The management of a company

Please identify what part of the ML process is represented by the activities described in the following scenario The management of a company identified customer churn as a major threat to the company s growth As an analyst and ML engineer you are involved in a series of meetings where you discuss whether the right way to combat churn is reactive or proactive You arrive at the conclusion that it would be more productive to concentrate your efforts on preventing future churn rather than trying to bring back churned customers or expanding the new customer base at the rate that makes up for churn Customer churn is the loss of customers or clients and happens when customers decide to stop doing business with a company Business understanding Data understanding Data preparation O Modeling

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!