Which mathematical technique is most commonly used by major retailers to dynamically adjust prices during Black Friday based on real-time demand patterns?

Black Friday is one of the biggest shopping festivals globally, generating massive amounts of data. Retailers use sophisticated mathematical models to maximize profits and optimize customer experience during this event. This trivia tests your knowledge about how mathematics powers retail decision-making during major shopping festivals. Do you understand the algorithms behind the deals?

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Bayesian Probability Models that update price elasticity estimates as sales data flows in
Euclidean Geometry calculations that map store traffic patterns to optimize shelf space
Fibonacci Sequence algorithms that incrementally reduce prices at predetermined intervals
Monte Carlo simulations that randomly select items for discounts based on historical performance