The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is called

Question

The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is called
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Solution 1

The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is called Cluster Analysis.

Here are the steps involved in this process:

  1. Identify Variables: The first step in cluster analysis is to identify the set of variables to be used in the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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