Examlex
Once a company has identified its main competitors and their strategies, it must next ask:
Revenue Management
The practice of dynamically managing pricing and inventory to maximize revenue based on consumer behavior predictions.
Optimization
The process of making something as fully perfect, functional, or effective as possible, often through mathematical methods.
Customer Behavior
The study of how individual customers, groups, or organizations select, buy, use, and dispose of goods, services, ideas, or experiences.
Linear Regression
A statistical method that models the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.
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