Multiple Choice
Which of the following is the first step in the process of producing an RFM score?
A) calculating income from most frequently bought items
B) calculating sales of the previous quarter
C) sorting customer purchase records by the date of most recent purchase
D) verifying customer IDs
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: In RFM analysis,an F score of 1
Q9: Decision tree analysis is a data mining
Q10: RFM can be a useful tool to
Q14: The frequency of customer purchases is not
Q15: What is database marketing?
Q18: Database marketing is the application of business
Q21: _ shows how much the base probability
Q24: In market-basket analysis terminology,confidence refers to the
Q26: In market-basket terminology, the ratio of confidence
Q26: An RFM score of _ means that