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
Link To Document :
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