Glossary: AI at Work Intermediate

Common business metrics

Also written: Month-over-month change, Average order value, Share of total, Repeat rate, Concentration, Cohort table, AOV

Standard analyses you can ask for if you give the definition in your prompt: month-over-month change ((this − last) ÷ last), share of total, average order value (total value ÷ orders), repeat rate (customers who reordered within N days ÷ all customers), concentration (share of value from the top 10% of customers) and a cohort table (customers grouped by first-order month). Seasonal businesses should compare with the same month last year.