The simulation provides data on energy customers, and your task is to build a predictive model to identify customers at risk of churning and develop a targeted retention strategy.
- Completed a customer churn analysis simulation for BCG Analytics,
demonstrating advanced data analytics skills, identifying essential client
data and outlining a strategic investigation approach.
- Conducted efficient data analysis using Python, including Pandas and NumPy.
Employed data visualization techniques for insightful trend interpretation.
- Completed the engineering and optimization of a random forest model,
achieving an 85% accuracy rate in predicting customer churn.
- Completed a concise executive summary for the Associate Director, delivering
actionable insights for informed decision-making based on the analysis.
Problem Statement:
- Analyzing Customer Data: Understanding customer behavior and preferences through data analysis.
- Sales Forecasting: Building predictive models to forecast future sales based on historical data.
- Optimizing Marketing Strategies: Identifying the most effective marketing strategies to boost customer engagement and sales.
- Operational Efficiency: Providing insights to improve supply chain and operational efficiencies.
Tasks:
- Writing Email:
Hi [AD],
I hope you're well.
To test if churn is driven by customers’ price sensitivity, we need to model churn probabilities and see how prices affect churn rates. Here’s what we need:
- Customer Data: This should include details like industry, historical electricity consumption, and the date they became a customer.
- Churn Data: Indicating whether a customer has churned or not.
- Historical Price Data: Prices charged to each customer for electricity and gas at detailed time intervals.
Once we have this data, our plan is to:
- Define and calculate price sensitivity.