Which mathematical technique revolutionized retail inventory management by significantly reducing the 'bullwhip effect' in supply chains?

Data analytics has transformed how retail businesses operate, with mathematical models driving decisions from inventory management to customer targeting. Advanced algorithms now power recommendation engines, demand forecasting, and price optimization strategies across the retail sector. Test your knowledge about how mathematical models have revolutionized retail analytics and changed the way brands make strategic decisions in the digital age.

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Monte Carlo simulation
Collaborative filtering
Time series forecasting with exponential smoothing
Linear programming optimization