Write a Short Note on Customer Relationship Management System (CRM)

question 68

Essay

Write a short note on customer relationship management system (CRM).

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Definitions:

Dummy Variable

A binary variable used in regression models to represent categorical data by encoding categories as 0 or 1.

Indicator Variable

A variable that takes the value of 1 if a certain condition is true and 0 if it is not.

Dependent Variable

The variable in an experiment or study that is expected to change in response to changes in the independent variable.

Stepwise Regression

A method of fitting regression models in which predictors are added or removed based on specific criteria, such as their statistical significance.