One challenge that large organisations face today is the problem of understanding and predicting which employees are going to leave the business, called employee turnover prediction or workforce attrition prediction.
Earlier I wrote another post about predicting the spend of a single known customer. There is a related problem which is predicting the total spend of all your customers, or a sizeable segment of them.
Why do we need to predict customer spend? You may have read my previous post about customer churn prediction. Another similar problem that’s just as important as predicting lost customers, is predicting customers' daily expenditure.
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