Which data mining method creates customer profiles based on purchase patterns, demographics, and other criteria and places them into various categories?Multiple choice question.Customer segmentation analysisRecency-frequency-monetary analysisPredictive modelingLifetime value analysis
Question
Which data mining method creates customer profiles based on purchase patterns, demographics, and other criteria and places them into various categories?Multiple choice question.Customer segmentation analysisRecency-frequency-monetary analysisPredictive modelingLifetime value analysis
Solution
The data mining method that creates customer profiles based on purchase patterns, demographics, and other criteria and places them into various categories is Customer segmentation analysis.
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