Which of the Following Is a Factor Considered When a Customer

question 20

Multiple Choice

Which of the following is a factor considered when a customer is evaluated based on RFM formula?

• A) the amount of time passed after the customer's last visit
• B) the product categories purchased by the customer
• C) the mode of payment used by the customer
• D) the location from which the customer has bought goods
• E) the type of feedback provided by the customer

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Definitions:

Slope

In the context of linear regression, it's the angle of the line of best fit, showing the rate of change between variables.

SSE

The sum of squared errors between observed and predicted values in statistical models, indicating the model's accuracy.

SST

Total Sum of Squares, a measure of the total variation in a dataset.

Coefficient Of Determination

A metric used in statistical analysis that assesses how well a model explains and predicts future outcomes, typically squared correlation between observed and predicted values.