In a Common Form of RFM Analysis,customers Are Sorted into ________

question 85

Short Answer

In a common form of RFM analysis,customers are sorted into ________ groups and given an associated score depending on their group.

---

Definitions:

Test Score

The numerical outcome or result obtained from an academic test or examination.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Average Amount

Similar to mean, it represents the central value of a data set by calculating the sum of all numbers in the set divided by the quantity of numbers.

Sugar

A sweet-tasting, soluble carbohydrate found in many plants and used as a sweetener in food and beverages.