Richard Warepam
Oct 17, 2023

Hey, I appreciate your question and its a valid point to consider. While its common to calculate recency in the way I did here, but, you can indeed modify the way of the construction of the variable according to the business goal. For example, recency can be also based on number of transactions or visits rather than the last transaction. So, its construction should align with the business goal. Hope I cleared your doubt.

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

Richard Warepam
Richard Warepam

Written by Richard Warepam

Cloud Engineer | AI/ML Specialist & Writer | AI Tools Explorer | 💼 Work : richardwarepam16@gmail.com | 📈 Grow for FREE: https://codewarepam.gumroad.com/

Responses (1)

Write a response