ITC Infotech > Resources > Whitepapers > A Prudent Approach in Predicting Time to Churn for Fashion Retail Industry Using Accelerated Failure Time Models in A Non-Contractual Setting

A Prudent Approach in Predicting Time to Churn for Fashion Retail Industry Using Accelerated Failure Time Models in A Non-Contractual Setting

September 6, 2019

Summary

With rapid growth in the market across all businesses, it is a mandate to focus on retaining the existing customers, failing which might result in massive profitability reduction across major perspectives. This white paper attempts to predict the time to churn of a customer in a non-contractual setting, thus providing a roadmap to model the said problem using Parametric Survival Analysis.

What is in it for you?

The model developed provides a road map to building much more personalized profiles of individuals and helps gain insight into the customer behaviors. With the model, more precise target customers are gained, thereby reducing the overall cost of retaining campaigns, and helps to deliver targeted, optimized offers at the point of impact.

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Beware of fraudulent and fake job offers

It has come to our attention that certain employment agencies and individuals are asking people for money in exchange for a job at ITC Infotech.

Such Agencies/individuals could impersonate ITC Infotech’s officers, use the company name/logo, brand names and images illegally, without authorization, and/or try to extract money towards security deposit, documentation processing fees, training fees, and so on.

Please note that ITC Infotech never asks job applicants or members of the public to pay money in any form while recruiting.

Feel free to reach out to us at contact.us@itcinfotech.com to report any such incidents that you may have experienced, please use the subject line “Recruitment Fraud Alert” in your message.

Always exercise caution and stay protected against fraud:

  • Do not pay money or transfer funds to anyone toward securing an ITC Infotech job. ITC Infotech will not accept liability for any losses that may have been suffered by the victims of such fraudulent activities.
  • Be careful when sharing your personal information and protect yourself from potential damage. Do not engage with people who fraudulently misrepresent ITC Infotech or its employees/officers and try to solicit payments under the pretext of offering jobs.

View Current Openings

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