I tried to practice and see old notes of Calculus 1, but I can't still find out the reason why my series converge.
Retention Rate is a ratio that defines how many customers will shop again after the first purchase in a fixed period of time.
The starting conditions are: 100 customers at t0 Retention Rate is =0.4 New customers on t1=10 and this value is a constant for t2,...tn
So we have this series:
- Why Converge?
- How to calculate the final value fixed Retention rate, New Customers at each time interval and starting base?