How do I calculate an average retention rate

[Deleted User]
[Deleted User] Member
in Charting

Greetings,

 

I am trying to calculate an average retention rate in my card and the numbers don’t validate when I take an average. I know the sum is not the right thing to do, any help would be appreciated. 

 

Thanks!

Best Answer

  • jmo
    jmo Domo Employee
    Answer ✓

    You should always use a Beast Mode to calculate ratios. When you upload a ratio into a data source and then take an average you are weighting each individual ratio equally and this is almost never what you want to do. The correct Beast Mode logic for a retention rate would be as follows.

     

    sum(`Customers Renewing`) / sum(`Total Customers`)’

     

    This equation will always be correct no matter how you filter or drill.

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