Which geographic retail strategy led to a famous algorithm called 'Huff's Probability Model' that revolutionized site selection for major retailers?

Retailers are increasingly using geographic data and location intelligence to make strategic decisions about store placement, customer targeting, and market analysis. This trivia question explores how modern retailers are leveraging geographic information systems (GIS) and spatial analytics to gain competitive advantages in the ever-evolving retail landscape. Test your knowledge about this fascinating intersection of geography and retail strategy!

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Gravity modeling for customer draw areas based on distance decay functions
Demographic clustering based on satellite imagery analysis
Drive-time isochrone mapping for delivery route optimization
Geocoding of social media sentiment for hyperlocal marketing