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Through CRM analysis, formulating Recency, frequency, monetary scores and segmenting customers based on them

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Busienss case study: CRM analysis (Ecommerce Capstone)

what is CRM

Customer Relationship Management (CRM) analysis involves the systematic examination and interpretation of data related to interactions between a business and its customers. Through CRM analysis, companies evaluate customer behavior, preferences, and feedback to gain valuable insights into their needs and expectations.

🎯 Objective

An indepth customer oriented segmentation in order to clasify and target them with effective marketing strategies.

Dataset

Column Description
InvoiceNo Invoice number that consists of 6 digits. If it starts with letter 'C', it indicates a cancellation.
StockCode Product code that consists of 5 digits.
Description Product name.
Quantity Quantities of each product per transaction.
InvoiceDate The day and time when each transaction was generated.
UnitPrice Product price per unit.
CustomerID Customer number that consists of 5 digits. Each customer has a unique Customer ID.
Country Name of the country where each customer resides.

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Through CRM analysis, formulating Recency, frequency, monetary scores and segmenting customers based on them

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