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Mitigating the Risk of Customer Churn Using K-Means Clustering
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The probability that a customer is not benefited by investing in a particular share, while there is still a chance for calculating accurate result that changes in milliseconds, has a huge impact on the profit for the customer as well as the organization they is associated with. Considering this criteria, a new clustering algorithm called the K-Means clustering method (KMC) is proposed. There are speculative results that witness K-means has stronger clustering semantic strength than other clustering methods in data mining. Can also get suggestions to avoid the risk of investing in an unprofitable share.
Keywords
Churn, K-Means Clustering Method, Map-Reduce, Subtractive Clustering Method, Fuzzy C-Means, Semantic-Driven Subtractive Clustering Method, Axiomatic Fuzzy Sets.
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