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Since launching their first Flagship store in Accra in 2007, Shoprite have opened another 4 stores across Accra, employing more than 600 people across the
- Since launching their first Flagship store in Accra in 2007, Shoprite have opened another 4 stores across Accra, employing more than 600 people across the capital. Due to the dominant noncontractual transactions of Shoprite, Prof. S A Zinn director of Shoprite Holdings have tasked you to make a robust analysis on the customer data below in order to predict whether these four buyers are likely to transact in the month of December, 2018.
Buyer A purchased 5 times between month 1 and month 7 Buyer B purchased 3 times between month 1 and month 7 Buyer C purchased 4 times between month 1 and month 7 Buyer D purchased 2 times between month 1 and month 7 |
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- Compute the P(Active) for each of the four buyers in the 12th month of activity (Answers should be in four decimal place).
- Do a robust analysis on the buyers P(Active) outcomes and suggest a game plan for Shoprite as they seek to increase sales.
- Discuss the importance of the P(Active) to Shoprite.
- Discuss one of the flaws of the P(Active) metric.
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