How to calculate “Revenue of next order per customer”?

2017-03-20 23:29:28

I have transactional data of an online store, how can I predict the "revenue of next order per customer" or "time until next order per customer".

I have following columns (Invoicenumber,StockCode,Description,Quantity,InvoiceDate,UnitPrice,CustomerID,Country.)

That may or may not be enough data for truly predictive modeling. You have order information, but you don't have customer information.

You might be able to predict things like how many units of product X you are going to sell next you or the average shipping costs of orders for next year. But you won't be able to relate things on an individual customer basis (like your question says) until you have a lot more customer data.

  • That may or may not be enough data for truly predictive modeling. You have order information, but you don't have customer information.

    You might be able to predict things like how many units of product X you are going to sell next you or the average shipping costs of orders for next year. But you won't be able to relate things on an individual customer basis (like your question says) until you have a lot more customer data.

    2017-03-21 00:38:29