Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Recency (R): Calculate the number of days since each customer's last purchase and assign a score: Customer 1: Last purchase on 2023-09-25 (1 day ago)

Recency (R): Calculate the number of days since each customer's last purchase and assign a score:

Customer 1: Last purchase on 2023-09-25 (1 day ago) => High recency score.

Customer 2: Last purchase on 2023-08-10 (46 days ago) =>

Customer 3: Last purchase on 2023-09-20 (6 days ago) =>

Customer 4: Last purchase on 2023-06-05 (112 days ago) =>

Customer 5: Last purchase on 2023-09-15 (11 days ago) =>

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

13. Identify drugs that are considered psychoactive and addictive, and explain their mechanism of action.

Answered: 1 week ago

Question

★★★★★

Many institutions have fixed future liabilities to meet (such as pension payments) and they fund these future liabilities using default-free fixed income securities. When discount bonds of all...

Answered: 1 week ago

Question

★★★★★

On January 1, 2019 Meigs Company, a manufacturer of construction equipment, entered into a lease contract to provide a sky-hook to the White Company. In formulating the lease contract, Meigs took the...

Answered: 1 week ago

Question

★★★★★

The following financial information is for Priscoll Company. PRISCOLL COMPANY Balance Sheets December 31 Assets 2017 2016 Cash $ 70,000 $ 65,000 Debt investments (short-term) 55,000 40,000 Accounts...

Answered: 1 week ago

Question

★★★★★

As shown in Fig. 4.60, a horizontal beam is hinged to the wall at point A. The length of the beam is 1 = 2 m and it weighs W = 150 N. Point C is the center of gravity of the beam and it is...

Answered: 1 week ago

Question

★★★★★

GL0202 (Algo) - Based on Exercise 2-13 Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated...

Answered: 1 week ago

Question

★★★★★

Create a function bookend_list that consumes a list of integers as a parameter and returns the first and last elements as a new list. If the original list is empty, return an empty list instead. Unit...

Answered: 1 week ago

Question

★★★★★

RST, Inc. 2018 Statement of comprehensive income Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends paid Addition to...

Answered: 1 week ago

Question

★★★★★

The equity section of Benton Corporation's statement of financial position as of December 31, 2018 is as follows: Equity Share capital-ordinary 5 par value; authorized, 2,000,000 shares; issued,...

Answered: 1 week ago

Previous Question Next Question