Exponentiating the Value in Question 21 Results in a Value

question 4

True/False

Exponentiating the value in question 21 results in a value of 1.14. This is interpreted as a 114% increase in the odds of the dependent variable with a one unit increase in the independent variable.

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Definitions:

Category Specialists

Retailers or businesses that focus on a specific category of products, offering a wide selection and deep knowledge within that category.

Category Killers

are large retail chain stores that specialize in a single category of products and dominate that category, often leading to the decline of small specialty stores.

Omnichannel Operations

A multi-channel approach to sales and customer service that provides an integrated and cohesive customer experience no matter how or where a customer reaches out.

CRM

Customer Relationship Management, a strategic approach that companies use to manage interactions with current and potential customers, often utilizing data analysis to improve business relationships.