The Yoox Algorithm Permits It to Predict Which Products Will

question 85

Multiple Choice

The Yoox algorithm permits it to predict which products will sell at which times and where,thus allowing effective stocking to meet customer needs.This a result of

• A) purchasing patterns.
• B) data analytics.
• C) physical plant.
• D) flooding the market with ads.

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Definitions:

Price War

A competitive strategy in which retailers reduce prices to gain business, often leading to lower profit margins for the competitors.

Mixed Strategy

In game theory, a strategy in which a player randomizes over possible actions, assigning a probability to each.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged, representing a state of mutual best responses.

Expected Payoff

The anticipated return from an investment, considering all potential outcomes and their probabilities.