Which of the following statements about market-basket analysis is accurate? A. O
ID: 3681753 • Letter: W
Question
Which of the following statements about market-basket analysis is accurate?
A. One famous market-basket analysis shows a high correlation of the purchase of beer and baby diapers.
B. In market-basket analysis, the ratio of confidence to the base probability of buying an item is called purchase probability.
C. Market-basket analysis is interesting but does not have any real pay-off in terms of selling goods.
D. In market-basket analysis, resistance is the chance that two items will be purchased together.
E. No one expects that market-basket analysis to become a standard CRM analysis technique
Explanation / Answer
A) One famous market-basket analysis shows a high correlation of the purchase of beer and baby diapers.
C) Market-basket analysis is interesting but does not have any real pay-off in terms of selling goods.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.