What Is a Lifetime Customer Value (LTV), and How Is

question 27

Essay

What is a Lifetime customer value (LTV), and how is it estimated?

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Definitions:

Behavior

The actions or reactions of an organism or system, usually in response to external stimuli.

Early Years

The period of human life from birth to childhood, specifically focusing on infancy and early childhood development stages.

Psychology

The scientific study of mind and behavior, including thought processes, emotions, and the functions of the brain.

Observable Behavior

Actions or reactions of an organism or system that can be seen and measured directly, often used in behavioral studies.