Through analysis of sales data, Buy Low retail store found that customers who bought caramels also tended to buy apples. What process would the company use to make this determination?

Question

Quizplus · Accepted Answer

This determination is made through data mining, which involves analyzing large sets of data to discover patterns, correlations, and relationships. In this case, the sales data was likely analyzed using data mining techniques to identify the association between purchases of caramels and apples. Syndicated surveying, focus group analysis, behavioral analysis, and structured sampling could all potentially provide valuable insights for the company, but they are not the best process to use in this specific scenario.

Through Analysis of Sales Data, Buy Low Retail Store Found