In a common form of RFM analysis,customers are sorted into five groups and given an associated score depending on their group.

Name: In a common form of RFM analysis,customers are sorted into five groups and given an associated score depending on their group.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. RFM analysis typically categorizes customers into five groups based on their recency, frequency, and monetary value, and assigns a corresponding score to each group.

In a Common Form of RFM Analysis,customers Are Sorted into Five