The Three Inputs for Calculating Customer Lifetime Value Are Average

question 40

True/False

The three inputs for calculating Customer Lifetime Value are Average Annual Sales, Expected Lifetime and Forecasted Profits.

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Definitions:

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together, showcasing the strength and direction of their relationship.

Test-retest Reliability

The consistency of a psychological test or assessment measured over time, indicating how reliable the test results are with repeated application.

Test

An examination or evaluation conducted to assess a person's knowledge, skills, abilities, or characteristics.

Outgoing

Describing someone who is sociable, friendly, and comfortable in interacting with others.