TREND-FACTORED RFM SCORES TO IMPROVE CAMPAIGN PERFORMANCE
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Accused Products
Abstract
A computer determines an RFM score for each of a plurality of contacts, each RFM score comprising a recency score, a frequency score and a monetary score respectively based on assigning recency values, frequency values, and monetary values of the plurality of contacts to groups. The computer generates trend factors, wherein the trend factors are based on the monetary values and timestamps of each of a plurality of transactions for each contact of the plurality of contacts. The computer generates a mean trend factor, based on the trend factors generated for each of the plurality of transactions for each contact of the plurality of contacts, and determines, by one or more processors, a trend adjusted RFM (tRFM) score based on applying the mean trend factor to at least one of the recency score, the frequency score, and the monetary score, for each contact of the plurality of contacts.
11 Citations
20 Claims
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1-8. -8. (canceled)
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9. A computer program product for including a trend factor in recency, frequency and monetary (RFM) scores, the computer program product comprising:
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one or more computer-readable storage medium(s) and program instructions stored on the one or more computer-readable storage medium(s), the program instructions comprising; program instructions to generate an RFM score for each of a plurality of contacts, each RFM score comprising a recency score, a frequency score and a monetary score respectively based on assigning recency values, frequency values, and monetary values of the plurality of contacts to groups; program instructions to generate trend factors, wherein the trend factors are based on the monetary values and timestamps of each of a plurality of transactions for each contact of the plurality of contacts; program instructions to generate a mean trend factor, based on the trend factors generated for each of the plurality of transactions for each contact of the plurality of contacts; and program instructions to determine, by one or more processors, a trend adjusted RFM (tRFM) score based on applying the mean trend factor to at least one of the recency score, the frequency score, and the monetary score, for each contact of the plurality of contacts. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A computer system for including a trend factor in recency, frequency, and monetary (RFM) scores, the computer system comprising:
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one or more computer processors; one or more computer-readable storage medium(s); program instructions stored on one of the one or more computer-readable storage medium(s) for execution by at least one of the one or more processors, the program instructions comprising; program instructions to generate an RFM score for each of a plurality of contacts, each RFM score comprising a recency score, a frequency score and a monetary score respectively based on assigning recency values, frequency values, and monetary values of the plurality of contacts to groups; program instructions to generate trend factors, wherein the trend factors are based on the monetary values and timestamps of each of a plurality of transactions for each contact of the plurality of contacts; program instructions to generate a mean trend factor, based on the trend factors generated for each of the plurality of transactions for each contact of the plurality of contacts; and program instructions to determine, by one or more processors, a trend adjusted RFM (tRFM) score based on applying the mean trend factor to at least one of the recency score, the frequency score, and the monetary score, for each contact of the plurality of contacts. - View Dependent Claims (17, 18, 19, 20)
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Specification