DS Analytical ReasoningMetrics and Experimentation

How would you calculate and interpret different user retention metrics for a subscription service?

Also asked as "How do you handle seasonality and billing cycle variations when calculating and presenting month-over-month retention?"

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Interview question asked to Data Scientists interviewing at Pluralsight, Qualtrics, Canva and other companies. Original question asked: How would you calculate and interpret different user retention metrics for a subscription service?.