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Suppose we have a data set consists of columns

TransactionId, CardNo, TransactionDate

then how can we calculate the customer purchase interval (means if customer A purchased on Jan 1st and after 10 days he again purchased, and then he again purchased after 15 days.) and how to predict the next visit of customer A by analysing the purchasing intervals of customer A.

Any help will be appreciated.

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  • $\begingroup$ I found this article using Lifetimes that Jonathan suggested, and it is very easy to follow and comprehensive. Take a look $\endgroup$
    – Julius Leo
    Sep 22, 2022 at 8:48

1 Answer 1

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With Lifetimes it's very straight forward to implement.

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