A Customer Demographic That Might Be Used in Building a Prospect

question 17

Multiple Choice

A customer demographic that might be used in building a prospect profile might include:

• A) geographic location
• B) size of business
• C) purchasing preference of customer
• D) only a and b are correct
• E) a, b, and c are all correct

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Definitions:

Error Variable

A variable that represents the difference between a predicted value and the observed actual value in a statistical model.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set deviate from the mean.

Regression Analysis

A statistical method for estimating the relationships among variables, allowing for prediction of one variable based on the value of others.

Error Variable

A variable that represents the difference between observed values and the values predicted by a model.