**The problem:** Solving customer churn.
You'll be working with a fictitious churn dataset from a Telecom provider called Databel. You are hired as a consultant.
**The task:** Discover why customers are churning.
The churn rate, also known as the rate of attrition or customer churn, is the rate at which customers stop doing business with an entity.
It's easier to retain customers than to attract new customers, so for many companies it's a priority to reduce churn.
*Churn rate = customers lost * 100% / total number of customers.*
**Key characteristics of the data:**
* Databel, a fictitious Telecom provider.
* One big table containing 29 columns.
* One row per customer.
* Snapshot of the database at a specific moment in time.
**Key insights:**
* The churn rate for Databel is ~27%.
* ~45% of the reasons why customers churn are related to competitors.
* The churn rate in California is abnormally high (>60%).
* The churn rate for customers who are on a monthly contract is 46%. Almost 1600 out of 1800 churners come from this group.
* For a two-year contract, the churn rate is 2.78%.
* The churn rate for customers who pay for an international plan, but don't call internationally, is 71%.