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I have some questions about the follwing in the Metrics section in the Project Charter https://github.com/Azure/Azure-TDSP-ProjectTemplate/blob/master/Docs/Project/Charter.md
What are the qualitative objectives? (e.g. reduce user churn)
What is a quantifiable metric (e.g. reduce the fraction of users with 4-week inactivity)
Quantify what improvement in the values of the metrics are useful for the customer scenario (e.g. reduce the fraction of users with 4-week inactivity by 20%)
What is the baseline (current) value of the metric? (e.g. current fraction of users with 4-week inactivity = 60%)
How will we measure the metric? (e.g. A/B test on a specified subset for a specified period; or comparison of performance after implementation to baseline)
In the example, is it about a classification model for customer churn? Assuming it is, the target variable of the example would be something like customer churn. In item#2 "reduce the fraction of users with 4-week inactivity", how can we decide a quantifiable metric in relation to the target variable (4-week inactivity would be a independent variable while the target is customer churn)?
At which stage in the lifecycle can metric values be measured?
Thank you.
C. D.
The text was updated successfully, but these errors were encountered:
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Hi Azure Team,
I have some questions about the follwing in the Metrics section in the Project Charter
https://github.com/Azure/Azure-TDSP-ProjectTemplate/blob/master/Docs/Project/Charter.md
What are the qualitative objectives? (e.g. reduce user churn)
What is a quantifiable metric (e.g. reduce the fraction of users with 4-week inactivity)
Quantify what improvement in the values of the metrics are useful for the customer scenario (e.g. reduce the fraction of users with 4-week inactivity by 20%)
What is the baseline (current) value of the metric? (e.g. current fraction of users with 4-week inactivity = 60%)
How will we measure the metric? (e.g. A/B test on a specified subset for a specified period; or comparison of performance after implementation to baseline)
In the example, is it about a classification model for customer churn? Assuming it is, the target variable of the example would be something like customer churn. In item#2 "reduce the fraction of users with 4-week inactivity", how can we decide a quantifiable metric in relation to the target variable (4-week inactivity would be a independent variable while the target is customer churn)?
At which stage in the lifecycle can metric values be measured?
Thank you.
C. D.
The text was updated successfully, but these errors were encountered: