A _____ Is a Computerized System That Enables Retail Analysts

question 58

Multiple Choice

A _____ is a computerized system that enables retail analysts to visualize information about their customers' demographics,buying behaviour,and other data in a map format.

• A) Geographic Information System (GIS)
• B) Projection Map (PM)
• C) Trade Area Topographical Map (TATM)
• D) Retail Information System (RIS)
• E) Gravitational Model

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Definitions:

Inferential Statistics

A branch of statistics that uses a sample of data to make generalizations or predictions about a larger population.

Correlation

A statistical measure that expresses the extent to which two variables change together, indicating the strength and direction of their relationship.

Descriptive Statistics

Statistical methods that summarize and organize the characteristics of a set of data in order to give a clear overview without drawing conclusions beyond the data itself.

Statistical Significance

The likelihood that a relationship between two or more variables is caused by something other than random chance.