What do you understand by the term RFM analysis
What do you understand by the term RFM analysis?
Expert
RFM analysis is a Business Intelligence (or BI) reporting system which ranks and analyzes customers based on their purchasing patterns. R signify to ‘how recently’ a customer placed an order, F signify to ‘how frequently’ the customer orders, and M signify to ‘how much money’ the customer spends. Usually, the customers are ranked into ‘20%’ groups and assigned a number to present their ranking. Therefore 1 means top 20%, 2 the next 20% and so on. In this system a score of 1 is top and a score of 5 is bad. Therefore a customer with an RFM score = 1 5 1 would be one who has ordered newly, does not order frequently, and who makes large purchases.
Briefly describe the differentiation between Data warehousing and Business Intelligence?
Illustrates the NetLib for Clipper? Answer: It is a multi-faceted networking library for CA-Clipper. While this focuses upon network functionality this also have man
Define the Quick Sort.
Describe the relationship among entity, entity class, and entity instance.
Write down the latest error handling technique in SQL Server 2005?
Define the way of passing of variables to a SQL routine.
Contrast a network and hierarchical database model?
What are the purposes of using lookups?
How can you save the Business Objects document that may be accessed by all the users in the workgroup mode?
Explain the various types of the designer tools?
18,76,764
1945454 Asked
3,689
Active Tutors
1433879
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!