
Customer Churn Prediction
Project Title:Customer Churn Prediction Using Machine Learning
Objective:
To develop a machine learning model that predicts whether a customer is likely to leave (churn) a business or service based on their behavior and profile data.
Project Summary:
Customer churn refers to the loss of customers over time. This project focuses on building a predictive model using machine learning to identify customers at risk of leaving a company (e.g., a telecom or subscription service). The dataset usually includes features such as customer demographics, service usage patterns, contract type, payment method, and tenure. By analyzing this data, the model predicts whether a customer will churn, helping businesses take proactive actions to retain valuable customers.
Key Components:
Dataset: Customer data with features like age, gender, services used, contract length, billing info, and churn label
Algorithms: Logistic Regression, Decision Tree, Random Forest, Support Vector Machine (SVM), XGBoost
Tools & Libraries: Python, Scikit-learn, Pandas, NumPy, Matplotlib, Seaborn
Technologies: Machine Learning, Classification, Predictive Analytics
Features:
Data preprocessing: handling missing values, encoding categorical data
Feature selection and engineering for better model performance
Training different classification models to predict churn
Model evaluation using accuracy, precision, recall, F1-score, and ROC-AUC
Visualizations: churn rates, feature importance, confusion matrix
Applications:
Telecom and internet service providers
Subscription-based businesses (e.g., streaming platforms, SaaS)
Banking and insurance industries
E-commerce and retail loyalty management systems
Outcome:
This project helps students learn how to handle real-world business problems using data-driven approaches. It provides practical experience in working with classification models and interpreting results for actionable insights. The solution can help companies reduce churn and improve customer retention strategies.