Which mathematical concept, developed in the 1990s, revolutionized retail marketing by allowing companies to identify customer segments based on purchasing patterns?

Mathematics and marketing might seem like an unlikely pair, but data-driven approaches have revolutionized how retailers understand and target customers. From statistical modeling to predictive analytics, mathematics provides the backbone for modern retail marketing strategies. Test your knowledge about a famous mathematical advancement that changed retail marketing forever!

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Market Basket Analysis
Monte Carlo Simulation
Markov Decision Process
Bayesian Networks