To Predict a Qualitative, or Categorical, Response Variable We Could

question 87

True/False

To predict a qualitative, or categorical, response variable we could use a classification tree.

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Definitions:

Monetary

Relating to money or currency, especially the management of money by governments or financial institutions.

Nonmonetary

Pertains to transactions or incentives not involving financial exchange, often referring to barter, volunteerism, or other forms of trade.

Clientelling

A sales technique that involves creating long-term relationships with customers by providing personalized service and attention.

Personalized Shopping Experience

Tailored shopping engagements that cater to the individual preferences and behaviors of customers.