Which mathematical model, developed in the 1960s but widely adopted in retail analytics in the 2010s, uses Bayesian inference to dynamically optimize inventory levels based on real-time sales data?

In today's data-driven retail environment, mathematical algorithms form the backbone of sophisticated retail analytics systems. These mathematical models help retailers make strategic decisions about inventory, pricing, and customer targeting. This poll tests your knowledge about a significant mathematical technique that revolutionized retail data analytics and its impact on inventory optimization.

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Thompson Sampling Algorithm
Monte Carlo Markov Chain (MCMC)
Principal Component Analysis (PCA)
Random Forest Regression