I am using survival regression for predicting in how many days user will make next purchase.
Survival Regression predict function is giving results similar to as shown below -
Output -
{
"coefficients": [
-0.2633608588194104,
0.22152319227842276
],
"intercept": 2.6380946151040012,
"prediction": 5.718979487634966,
"quantiles": [
1.1603238947151593,
4.995456010274735
],
"scale": 1.5472345574364683
}
Quantiles are basically cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities.
From wikipedia page - https://en.wikipedia.org/wiki/Quantile
1) What is quantile in this context?
2) I have data like this -
u1 viewed i1 on 18 June 2017
u1 purchased i1 on 20 June 2017
u1 purchased i2 on 23 June 2017
u1 purchased i3 on 30 June 2017
u2 viewed i1 on 10 Mar 2017
u2 purchased i1 on 11 Mar 2017
...
There are multiple purchase records for each user. .
I have considered "Purchase done" to be death event but my users(such as u1, u2) are still alive and making purchases.
What should be the death event as users are doing multiple transactions in their life time.
Thanks