We have done an RFM analysis on our customer data.John Smith has a score of "5 1 1".This means that John:
A) has ordered recently,and orders a lot when he orders.
B) hasn't ordered recently,but orders a lot when he orders.
C) has ordered recently,but doesn't order a lot when he orders.
D) hasn't ordered recently,and doesn't order a lot when he orders.
E) None of the above is correct.
Correct Answer:
Verified
Q54: Business Intelligence (BI)reporting systems can do which
Q55: A BI reporting system:
A)creates meaningful information from
Q56: Business Intelligence (BI)systems fall into which of
Q57: We have obtained access to the company's
Q58: RFM analysis analyzes and ranks customers based
Q60: RFM scores commonly range from _,with _
Q61: Which of the following popular data mining
Q62: Here is Market Basket data for 1,000
Q79: Why is operational data sometimes unusable for
Q82: What is a data warehouse?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents