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QWE. Inc Customer Churn Prediction

Case Scope: 

•This is a case study from my Analytics Techniques Class

•Compass Maritime Service, a New Jersey based firm specializing in sale and purchase of ships, is trying to provide the most optimal bidding price of a capesize bulk carrier named Bet Performer.

•We were encouraged to explore different models in regression and classification to evaluate the optimal bidding price of the ship

 

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Our Approach:

•Using the most commonly used method, the Market Approach, we use Euclidean distance with respective to three major variables (age, size, and capsize index) to find the most similar ship sale transaction as a price reference for the Bet Performer. With the Market Approach, the bidding price for the Bet Performer should be set at $135 million. •Moreover, we use the multiple linear model to find a logic price given the Bet Performer’s age, size and capesize index. The bid price using multiple regression model is set at $125 million.

•However, we believethat Compass Maritime Service should advise the client to offer the price of $135 million because the owner will be expecting no less than the market approach price.

 

Please click here for the full report
 

 

 

 

 

 

 

 

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