Companies Use Knowledge Obtained from Databases to Track Customer Buying

question 66

True/False

Companies use knowledge obtained from databases to track customer buying patterns and to customize offerings and sales promotions.

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Definitions:

Regression Line

A line of best fit through a scatter plot of data points that shows the relationship between two variables.

API Gravity Degrees

A measure of how heavy or light a petroleum liquid is compared to water.

Oil Quality

A measure of the physical and chemical properties of oil, indicating its suitability for various uses or its compliance with standards.

Price Per Barrel

The cost of a barrel of commodities like oil, typically used as a benchmark for pricing.