← Every exhibit

Table Table 1 Growth that compounds

What does cohort analysis measure?

ObjectDeclarationFailure when it is hidden
Unit grainAccount, user, workspace, contract, or subscriptionThe numerator changes from accounts to users
Entry eventSignup, paid start, contract start, activation, or renewalCohorts mix different lifecycle origins
Cohort compositionEligibility, plan, region, acquisition route, and exclusionsA composition shift looks like a product trend
Cohort ageDays or months since each unit's entryCalendar time is mistaken for lifecycle time
OutcomeActive, retained, renewed, used, or paid under a ruleA proxy is called retention without a declared endpoint
DenominatorEligible units at entry or another declared risk setUnits are silently added or removed after entry
Maturity ruleMinimum observation age for each reported pointImmature units are counted as failed outcomes

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Reference & Evidence

Source: Table from this essay. Sources and interpretation are given in the article.