Answer :
The Model example is: Predicting Customer Churn in a Telecom Company
How can we use a model to predict customer churn in a telecom company?
In a telecom company, predicting customer churn is crucial for customer retention and business growth. By developing a predictive model using historical customer data, various variables such as customer demographics is considered to determine the likelihood of a customer leaving the company.
The model is then assign a dichotomous outcome, classifying customers as either "churned" or "not churned." This information can guide the company in implementing targeted retention strategies.
Read more about dichotomous variable
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