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Describe the merchant model of e-commerce.
Categorical Data
Data that can be divided into groups or categories that are not numerically ordered.
Relative Data
Data that is compared to a certain reference point or to other data in order to assess its value or importance in relative terms.
Cumulative Data
Data that aggregates or accumulates over time, adding up as new data comes in to represent a total or sum.
Cumulative Percent
A statistical calculation that shows the percentage total of observations that fall below or at a specific value when data is arranged in ascending order.
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