Right now I'm doing survival analysis for marketing purposes and I'm picking the covariates.
One variable that has a lot of impact on churn is the age band of the customer at the time of the first interaction. Younger customers churn faster.
Another variable that seems to have an impact is the client's "persona"; it's the segment the client has been classified in. There is one particular segment that churns faster than the others, but I'm suspecting it may be because most of the clients in this segment are young.
These two covariates are therefore correlated. To find out, I've fitted a Cox regression to these variables.
Global p-value is 0 and the above-mentioned persona still churns faster than the baseline (p-value 4.4e-06). However, the age band factor is also significant with the particular age band 20-29 churning faster than the baseline (customers aged 16-20) and the p-value is even more significant (< 2e-16).
Can I discard the hypothesis that the segment is churning faster than the baseline ?