2023-09-28
Churn Prediction for Sprint Telecom
Week1 Write up : Lux Academy Data Science Bootcamp
Project Name : Churn Prediction for Sprint Telecom
Author: Peter Mwangi Ngugi
Problem Defination:
Problem Description:
Sprint Telecom one of the biggest Telecom companies in the USA are keen on figuring out how many customers might decide to leave them in the coming months.
Luckily, they’ve got a bunch of past data about when customers have left before, as well as info about who these customers are, what they’ve bought, and other things like that.
Objectives:
So, if you were in charge of predicting customer churn how would you go about using machine learning to make a good guess about which customers might leave? Like, what steps would you take to create a machine learning model that can predict if someone’s going to leave or not?
Solution
1. Review Existing Customer Data:
The first step is to ’assemble’ all the existing data that pertains the customers who have left Churn Sprint and the currently existing Customers. Then categorize the data into two groups , Customers who have left and the Current Customers.Start by analyzing Customer usage patterns , observe Customer communication for example Customer complaints and feedback support given back to
the Customer and review Customer payment plans. In a nutshell these three attributes are the major reasons why a Customer would leave Sprint Telecom.
2. Start Processing the Data: Once step 1 above is thoroughly done the next step is to process data by cleaning the data ambiguity including data inconsistencies in order to have accurate data to work with. This processing involves data encoding that is ensuring all the data required is in numerical format and that a metric function can be used to process .
3. Identify important elements that impact on Customers: At this step it is important to identify which features impacts on the Customer to leave Spirit Telecom services. For example identifying relationships, correlations and models that are of impact to customers.
4. Identify and Select a Model:
At this stage it important to identify which algorithm is suitable for prediction of the datasets obtained from step 1 and step 2 above. Some of the known Machine Learning algorithms are logistic regression, decision trees, random forests, gradient boosting , and neural networks.
5. Model Training and Evaluate the Model:
Train the model according to the dataset obtained using the necessary algorithm. Evaluate the model performance using data tests cross validating on the accuracy of the results
produced.
6. Interpretation, Visualization and Representation of Results:
This step ensures that the results obtained are readable, repeatable and such can be interpretative, and visually represented to the consumer in this case Sprint Telecom.
7. Project Execution and Deployment:
The algorithm is ready for deployment and needs to be implemented on real time customer data for continuous data retraining and continuous improvement as well tracking on the
results.
8. Maintenance and Feedback: Continuous re-evaluation of the process against feedback from the customers is import for customer retention and to identify solutions as to why they customers want to leave.
Question 2 .
Let’s say you’re a Product Data Scientist at Instagram. How would you measure the success of the Instagram TV product?
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