Title of article
Integrating the voice of customers through call center emails into a decision support system for churn prediction
Author/Authors
Kristof Coussement، نويسنده , , Dirk Van den Poel، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
11
From page
164
To page
174
Abstract
We studied the problem of optimizing the performance of a DSS for churn prediction. In particular, we investigated the beneficial effect of adding the voice of customers through call center emails – i.e. textual information – to a churn-prediction system that only uses traditional marketing information. We found that adding unstructured, textual information into a conventional churn-prediction model resulted in a significant increase in predictive performance. From a managerial point of view, this integrated framework helps marketing-decision makers to better identify customers most prone to switch. Consequently, their customer retention campaigns can be targeted more effectively because the prediction method is better at detecting those customers who are likely to leave.
Keywords
Customer relationship management (CRM) , Churn prediction , DATA MINING , Text Mining , Call center email , Voice of customers (VOC) , Binary classification modeling
Journal title
Information and Management
Serial Year
2008
Journal title
Information and Management
Record number
1226831
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