Lifting the Veil: A Fresh Look at Churn Management for Season Ticket Holders Using Machine Learning
Susmit S. Gulavani, James Du, Bradley J. Baker, Rui Biscaia, Jeffrey D. James
Churn management is a critical challenge for organizations seeking to retain season ticket holders (STHs). Traditional approaches have primarily relied on binary logistic regression to classify STHs as likely to renew or churn, subsequently targeting churners with retention incentives. While effective to some extent, this strategy overlooks advances in data science and the potential to optimize managerial decision-making. Leveraging proprietary data (