Some business models will segment the worth of their customers into categories that will often give different levels of service to the more “higher worth” customers. The metric most often used for that is called Customer Lifetime Value (CLV). CLV is simply a balance sheet look at the total cost spent versus the total revenue earned over a customer’s projected tenure or “life.”
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How to utilize Customer Lifetime Value with SAS Visual Analytics
Dr. Strangeformat or: How I Learned to Stop Joining Tables and Love the PROC
The title of this post borrows from Stanley Kubrick’s 1964 comedy “Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb.” It stars the great Peter Sellers as the titular character as well as George C. Scott and Slim Pickens. The black and white film is strange
The Monty Hall Paradox - SAS vs. Python
Recently, one of sons came to me and asked about something called “The Monty Hall Paradox.” They had discussed it in school and he was having a hard time understanding it (as you often do with paradoxes). For those of you who may not be familiar with the Monty Hall