Customer Lifetime Value (CLV/LTV) Model
'Given the importance of customer value, leaders should track it as rigorously as they track other key assets, such as buildings, machinery, inventory, and marketable securities' - Harvard Business Review.
This model is a must from the award winning GlorifAI team!
The Customer Lifetime Value (CLV/LTV) model is designed to be used in a range of industries like Telecom, Streaming Media Services, Entertainment, Hospitality, Airlines, Retail, Banking, Health Insurance and more.
Full model price: $90,000
- $9,000 initial deposit
- $36,000 first payment (invoiced at data access)
- $45,000 final payment (invoiced at model delivery)
PRODUCT INFO
Use Case
Forecast the net profit revenue for each customer by predicting their lifetime value. This model is designed to facilitate targeted, personalized treatment of high-value customers.
AI/ML Modeling
CLV modeling approaches include proportional hazards modeling and discrete-time logistic hazard models.
For proportional hazards modeling a churn model is built first using range of algorithms for the best AUC/outcome like XGBoost/GBM, Neural Network, SVM, KNN, etc.
LLMs and NLP techniques may also be used to enhance model performance.
Model Delivery
One-time purchase:
- Customer level CLV/LTV predictions
- Customer value ranking
- Customer churn ranking
- Insight session
On-going monthly service additionally includes:
- Churn model key features tracking
- Churn model refresh with market trend changes
- CLV/LTV back testing on historical data
- Strategy session every 3 months of service
- 10% discount on full model price
DELIVERY AND PAYMENT
We will contact you within 2 business days of your deposit to set the engagement date and provide instructions for the required data set.
The first model payment is invoiced at the data access date. Model delivery usually occurs 3-4 weeks from the data access date. The final model payment is invoiced at the model delivery date.
REFUND POLICY
Deposit fully refundable before engagement date.
If we cannot detect a pattern for a stable model, the final model invoice will be waived and we will provide you with data assessments, findings, insights and further recommendations.