Examlex
If the price of product X falls and this causes the demand for product Y to shift to the right,then we can conclude X and Y are
Checkout Scanner Data
Information collected at the point of sale in retail stores, capturing product sales, prices, and trends through barcode scans.
Product Categories
The classification of products into groups based on their characteristics, use, or attributes, making it easier for consumers to find what they are looking for.
Linear Trend Extrapolation
A forecasting method that extends a past data trend into the future to predict outcomes.
Heuristic Modeling
A simplifying approach in problem-solving that employs practical methods or shortcuts, even at the risk of inaccuracy, to reach decisions or judgments.
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