Questions tagged [business-intelligence]
business intelligence is statistics and data analysis of business information.
4
questions
13
votes
3answers
11k views
RFM & customer lifetime value modeling in R
Can anybody tell me how to do recency, frequency & monetary value (RFM) modeling & customer value modeling in R?
Also, can somebody refer me some literature on it?
1
vote
2answers
130 views
What is the statistical method that I should use for the following problem?
I have been given a problem and need to find the best statistical method that would help. The problem is as follows:
A business has approx. 100,000 active customers who spend between £500 per annum ...
2
votes
3answers
1k views
Accuracy of a probability estimate
How can you classify the accuracy of a probability?
Say I do a study of people that like bananas in 2 different regions.
Region 1: 8 out of 10 people tested like bananas.
Region 2: 500 out of 1000 ...
3
votes
1answer
3k views
Standard deviation of revenue where numbers are only positive
Is there a way for standard deviation to ignore negative numbers? In other words, how can you make it so that 2 or 3 deviations do not extend into negative territory?
When looking at a set of only ...
