The RFM Score Is Obtained by Ranking the Customers on the Basis

question 9

True/False

The RFM score is obtained by ranking the customers on the basis of pricing patterns.

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Definitions:

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases.

Bully

An individual who uses strength or power to harm or intimidate those who are weaker.

Academic Performance

The measure of a student's scholastic activities and achievements, often reflected in grades and academic standing.

Experimenter Bias

involves the influence of the researcher's expectations or preferences on the outcomes of an experiment, potentially skewing the results.