Credit Card Service Churn Prediction by Machine Learning Models

Authors: Tran Hoang Hai*, Vu Van Thieu, Doan Minh Hieu
https://doi.org/10.51316/jst.171.ssad.2024.34.1.3

Abstract

This paper presents a study on the application of basic machine learning models for churn customer classification. Churn prediction is an essential task in customer retention for businesses, and accurate identification of customers who are likely to churn can significantly impact the organization's revenue and customer satisfaction. In this study, we explore the performance of various machine learning models, including K-Nearest Neighbor, Random Forest, Adaboost and a deep learning model which is CNN-1D. We use the BankChurners dataset, then we predict the probability that customers abandoning bank services such as credit card services. We evaluate the models basing on various performance metrics such as accuracy, precision, recall, and F1-score. The result demonstrates the potential of basic machine learning models for churn customer classification and provides insights into the key factors contributing to customer churn.

Keyword

Prediction, business analysis, machine learning, E-commerce.
Pages : 16-22

Related Articles:

Authors : Nguyen Thi Van Anh, Dong Bao Trung, Phan Bao Ngoc, Dao Quy Thinh*
Authors : Thi-Thao Tran, Minh-Nhat Trinh, Nhu-Toan Nguyen, Van-Truong Pham*
Authors : Minh Duc Duong, Minh Dung Le, Duy Long Le, Quy Thinh Dao*
Authors : Ha Xuan Nguyen1,*, Dong Nhu Hoang2, Hung Trung Nguyen2, Hai Ngo Minh2, Tuan Minh Dang2,3,4