Market Basket Analysis Is

question 44

Multiple Choice

Market basket analysis is:

• A)a data mart specific technique.
• B)a reporting technique.
• C)an RFM application.
• D)an OLAP application.
• E)a data mining technique.

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Definitions:

Outbound-To-Customer

Logistic processes and activities involved in moving goods from the final storage hub to the end customer.

Physical Distribution

The activities involved in moving goods from the point of production to the point of consumption.

Mean Absolute Deviation

A statistical measure used to quantify the spread or variability in a data set, indicating the average absolute difference from the mean.

MAD

Mean Absolute Deviation, a measure used in statistics to quantify the average absolute dispersion or deviation from the mean or average.