In a Common Form of RFM Analysis,an RFM Score of 5

question 82

True/False

In a common form of RFM analysis,an RFM score of 5 1 1 means that the customer orders frequently and orders items of high monetary value but has not ordered anything for some time.

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Definitions:

Personality Type

A categorization of individuals based on their characteristic patterns of thoughts, feelings, and behaviors.

Positive Statements

Assertions or propositions that are based on objective facts and can be tested or verified, rather than on opinions or values.

Prejudice

A preconceived, usually unfavorable, judgment or opinion of others without direct experience or knowledge.

Factorial Design

An experimental setup where two or more factors are tested simultaneously to determine their effects and possible interactions on a dependent variable.