Wednesday 4 June 2014
Elaborate on how being able to estimate those parameters would benefit the quality of the resultant decisions.
Elaborate on how being
able to estimate those parameters would benefit the quality of the
resultant decisions. •Describe the business benefits of drawing
inferences—specifically, when it is advantageous to rely on
inferences and what is required to ascertain the correctness of
inferences. •Discuss the relationship between tests of difference
and hypothesis testing in the context of designing marketing
promotions.
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