Conversion Rate
Goal
The goal of this Project is to build a model that predicts conversion rate and based on the model, come up with ideas to improve revenue.
Description
We have data about users who hit our site: whether they converted or not as well as some of
their characteristics such as their country, the marketing channel, their age, whether they are
repeat users and the number of pages visited during that session (as a proxy for site
activity/time spent on site).
Goal of this project is to:
- Predict conversion rate
- Come up with recommendations for the product team and the marketing team to
improve conversion rate
Funnel Analysis
Goal
The goal is to perform funnel analysis for an e-commerce website.
Typically, websites have a clear path to conversion: for instance, you land on the home page,
then you search, select a product, and buy it. At each of these steps, some users will drop off
and leave the site. The sequence of pages that lead to conversion is called 'funnel'.
Funnel analysis allows to understand where/when our users abandon the website. It gives crucial insights on user
behavior and on ways to improve the user experience. Also, it often allows to discover bugs.
Description
You are looking at data from an e-commerce website. The site is very simple and has just 4
pages:
- The first page is the home page. When you come to the site for the first time, you can
only land on the home page as a first page.
- From the home page, the user can perform a search and land on the search page.
- From the search page, if the user clicks on a product, He/she will get to the payment page,
where they will be asked to provide payment information in order to buy that product.
- If user does decide to buy, she ends up on the confirmation page
Goal of this project is to:
- A full picture of funnel conversion rate for both desktop and mobile.
- Some insights on what the product team should focus on in order to improve
conversion rate as well as anything you might discover that could help improve
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conversion rate.
Price Optimization
Goal
The goal of this project is to evaluate whether a pricing test running on the site has been successful.
As always, you should focus on user segmentation and provide insights about segments
who behave differently as well as any other insights you might find.
Description
Company sells a software for $39. Now company has decided to sell the same product for $59
and has decided to run a test increasing the price hoping that this would increase
revenue. In the experiment, 66% of the users have seen the old price ($39), while a random
sample of 33% users a higher price ($59).
The test has been running for some time and the VP of Product is interested in understanding
how it went and whether it would make sense to increase the price for all the users.
Goal of this project is to:
- Should the company sell its software for $39 or $59?
- The VP of Product is interested in having a holistic view into user behavior, especially
focusing on actionable insights that might increase conversion rate. What are your main
findings looking at the data?
- The VP of Product feels that the test has been running for too long and he should
have been able to get statistically significant results in a shorter time. Do you agree with
her intuition? After how many days you would have stopped the test? Please, explain why.
Ads Analysis
Goal
The goal of this project is to look at a few ad campaigns and analyze their current performance
as well as predict their future performance.
Description
There are running 40 different ad campaigns and want you to help them
understand their performance.
Goal of this project is to:
- If you had to identify the 5 best ad groups, which ones would they be? Which metric did
you choose to identify the best ad groups? Why? Explain the pros of your metric as well
as the possible cons.
- For each group, predict how many ads will be shown on Dec, 15 (assume each ad group
keeps following its trend).
- Cluster ads into 3 groups: the ones whose avg_cost_per_click is going up, the ones
whose avg_cost_per_click is flat and the ones whose avg_cost_per_click is going down.
Subscription Rate
Goal
The goal of this challenge is to model subscription retention rate.Subscriptions are a great business model. There are so many advantages for businesses in
having subscribers compared to single purchase users: revenue by customer is much higher, it
is possible to cross-sell to the subscribers, future revenue is easily predictable, there is a
significant cost (time/effort/etc.) for the customer in canceling the subscription, etc.
Description
Pull data from all the users who subscribed in January and see, for
each month, how many of them unsubscribed.
Goal of this project is to:
- A model that predicts monthly retention rate for the different subscription price points
Based on your model, for each price point, what percentage of users is still subscribed
after at least 12 months?
- How do user country and source affect subscription retention rate? How would you use
these findings to improve the company revenue?