This filter helps you build an audience group with customers that are likely to transact with the brand in the next n days. 

Basic Options

The following are the basic or mandatory options of the transaction prediction filters.

  1. Next n days: Select the period (in the next n days) that you want to consider for predicting the transaction probability of customers (likelihood). For example, you can include customers predicted to shop in the next 7, 15, and 30 days.
  2. Likelihood (probability of the transaction): This option lets you get the customers with maximum or minimum probability of stopping transactions with the brand in a selected period. You can select very high, high, medium, low, and one from the list to get customers with the highest or lowest probability of stopping transactions with the brand in the next n days. For example, you can include customers with a very high probability of not going to transact with the brand in the next 7, 15, and 30 days; you can include customers whose chances are to make only one transaction in the next 15 days.

    The values for each filter option (very high, high, medium, low, and one) are predefined and common for any organization. The following are the values for each filter option where the likelihood probability lies between 0 to1.
    • Very High: The likelihood probability is considered very high when the value is greater than 0.7.
    • High: The likelihood probability is considered high when the value is less than 0.7 and greater than 0.3.
    • Medium: The likelihood probability is considered medium when the value is less than 0.3 and greater than 0.1.
    • Low: The likelihood probability is considered low when the value is less than 0.1