Understand order likelihood and days until next order report filters

The Predicted Time To Next Purchase report is a combination of two different modeled attributes, Order Likelihood and Days Until Next Order. The models look at data from the last 180 days to predict the data for the next 42 days (six weeks). Optimizely Data Platform (ODP) builds each model custom according to the data source, retrains it monthly, and runs new predictions nightly. 

Learn how to use the report in the Manage predicted time to next purchase report documentation.

The models require the following information:

The predictions use a deep sequential neural network trained on a client’s own discrete data events. The model can account for an unknown number and type of events per input, including events proprietary to a customer like a product finder or a fit wizard, according to the period when they occur, without attempting to normalize or reclassify into consistent inputs. The model also works on anonymous data for users who have not made a purchase.

The platform holds a separate sample of your data when it creates the model to make predictions that then get compared to actual events.

The model is optimized to a measure called recall to find everyone likely to convert. Those with any likelihood to purchase have 40 times the conversion rate of those who are unlikely to purchase. Extremely Likely purchasers can be as high as 100 times (or more) the conversion rate of those unlikely to purchase.

While the model quality is different for every account, the Extremely Likely category of customers is expected to convert at a very high rate, followed by Very likely and Likely. When optimized for recall, the model ranks customers by likelihood and divides into sevenths, where the first seventh is extremely likely, the next two-sevenths are very likely, and the final four-sevenths are likely. The rest of the customers are considered unlikely to purchase.