This is a beast of a question and I did not pace myself well.
Start by clarifying the business definition of LTV and how it will be used, then design the data pipeline and modeling approach, followed by offline/online architecture and downstream integration. Finally, outline an experimentation plan to validate the model's impact on business metrics.
Pro tip: Emphasize the importance of aligning LTV with business KPIs and ensuring the model is actionable; also highlight the need for continuous monitoring and retraining to adapt to changing customer behavior.
Clarify what LTV means for the platform (e.g., predicted revenue over a horizon) and how it will be used (e.g., targeting, budgeting). Align with stakeholders on success metrics.
Identify data sources (transactions, engagement, demographics) and design ETL pipelines to compute features. Ensure data quality, freshness, and scalability.
Choose appropriate models (e.g., probabilistic, regression, deep learning) based on data characteristics and business needs. Validate offline with metrics like MAE, and consider interpretability.
Design batch and real-time scoring systems, and integrate scores into downstream applications (e.g., CRM, marketing). Ensure low latency and scalability.
Plan A/B tests to measure impact of LTV-based interventions on business metrics. Define control/treatment, sample size, and success criteria.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.