25iQ Term of the Day: "cohort."
"A group of individuals who share a common trait, such as birth year. In medicine, a cohort is a group that is part of a clinical trial or study and is observed over a period of time."
"A cohort is simply a fancy name for a group.” David Skok
In a customer lifetime value (CLV) analysis my friend @d_mccar says a cohort: "would be a group of customers who first adopted within the same window of time. Typically adoption should be when a customer places his/her first order."
"If you look at this curve, ‘percent monthly active’ versus ‘number of days from acquisition’, if you end up with a retention curve that is asymptotic to a line parallel to the X-axis, you have a viable business...." Alex Schultz https://www.google.com/amp/s/25iq.com/2017/02/10/a-dozen-lessons-on-growth/amp/ …
Many SaaS/business terms come from medicine. https://www.uab.edu/medicine/obgynresidency/images/PDFs/JC_Cohort_studies.pdf …
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