Question

BE ABLE TO ANSWER THE FOLLOWING QUESTIONS AND GIVE EXAMPLES

1. What is CRM in preparing customer d data:

• Regression
• Estimation
• Clustering
• Prediction

2. Discuss what happens when an emerging market suffers a decline. What do foreign investors do?

3. How do a business person making a business decision analyze financial data?  

Answer 1

While developing the Customer relationhip managment in preparing the customer data

REGRESSON means quantifies the oe or more predictor variables and one outcome variables.

Example : It can be used to quantify the impact of age gender,height etc.

ESTIMATION is a process of finding the apporximation it is a value that is usable for some purpose even if input data can be incomlete.

Example Trying to estimate how much you spent on books.

CLUSTERING is a task of segmnting the diverse population in a number of more homenogous cluster.

Example:Algorithm represent each cluster by a single means of vector.

PREDECTION is a forecast, but not only about the weather.

Example: Assessing the future outcomes.

When an emerging market suffers a decline foregin investers usually witdraw their money from emerging market and invest in elsewhare in the world.

The business persons take the decision by consisdering the financial data:

There are three main areas where financial accounting helps decision-making:

1. It provides investors with a baseline of analysis for and comparison between the financial health of securities-issuing corporations.
2. It helps creditors assess the solvency, liquidity, and creditworthiness of businesses.
3. Along with its cousin, managerial accounting, it helps businesses make decisions about how to allocate scarce resources.