• 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