Solution Accelerator Demo — Customer Lifetime Value (CLV)

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Identify your most valuable and longest lifetime customers with this CLV solution accelerator. Identify where to prioritize resources and where to limit spending on unprofitable customers, to help improve the ROI of marketing programs.
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Databricks is the Data and AI company. As the first and only Lakehouse Platform in the cloud, Databricks unifies all your data, analytics, and AI on a simple, open, and collaborative platform.

Chapters:
0:00 Intro
0:14 Customer Lifetime Value (CLV) Explained
1:40 Part 1: Customer Retention
3:15 Part 2: Calculating the Value for Customer Lifetimes
4:25 Use and Benefits of Customer Lifetime Value
4:44 Outro

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Dear Friends,
I have a question:
1/ in the CLV, the life of a customer is an estimate of the time between a customer's first purchase date and a customer's last purchase date, right?. Thank you.

ntcuongct