Examlex
What is an RFM analysis report and how is it used in marketing?
Utility Function
A mathematical representation that defines individual preferences for consumption bundles by assigning a utility value to each bundle.
Consumption
The action of using up a good or service, typically by households or individuals, affecting economic analyses of demand and spending behaviors.
Borda Count
A voting system in which voters rank candidates in order of preference, and candidates are assigned points based on their position in each vote, to determine the winner.
Candidates
Individuals seeking to be elected or selected for a specific position, role, or honor.
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