2003Industrial Engineering and ManagementRequires access

Customer Potential Value Prediction and Customer Segmentation

Wei Xiao

Open publisher page 5 citations

Abstract

This article first gives the definition and categorization of customer value, discusses customer potential value, and constructs a multivariate profit model for predicting customer potential value. Based on the model, we propose customer segmentation and different market strategies on various customers, and finally prove the validity of multivariate profit model with practical example.

About this research paper

What this paper is about

This article first gives the definition and categorization of customer value, discusses customer potential value, and constructs a multivariate profit model for predicting customer potential value. Based on the model, we propose customer segmentation and different market strategies on various customers, and finally prove the validity of multivariate profit model with practical example.

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OpenAlex reports 5 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This article first gives the definition and categorization of customer value, discusses customer potential value, and constructs a multivariate profit model for predicting customer potential value. Based on the model, we propose customer segmentation and different market strategies on various customers, and finally prove the validity of multivariate profit model with practical example.

Key concepts: Customer value, Customer lifetime value, Multivariate statistics, Market segmentation, Categorization, Computer science, Customer equity, Profit (economics)

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