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Create an assignment that explains the importance of LTV as a marketing metric.

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Create an assignment that explains the importance of LTV as a marketing metric. In your response, address the following:
How is LTV typically calculated?
Explain an example of how LTV would prove beneficial for a brand.
Why is it becoming increasingly popular?
What has changed recently to make LTV more appealing?
What are some of the challenges in implementing LTV?

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