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Statistical modelling can predict aggregate behaviour. Find a restriction that statistical analysis poses. Choose one option only. (a) There is a limit to accuracy as
Statistical modelling can predict aggregate behaviour. Find a restriction that statistical analysis poses.
Choose one option only.
(a) There is a limit to accuracy as the conclusions cannot precisely represent any single customer.
(b) Metrics, such as an attrition rate or a likely response rate cannot be estimated.
(c) The data extracted cannot assist in planning managerial actions.
(d) A statistical model can only manage a sample population of a few thousand customers.
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