Which mathematical concept fundamentally transformed retail customer lifetime value (CLV) calculations in the early 2000s, enabling more accurate long-term revenue forecasting?

Modern retail has been transformed by mathematical modeling and statistical analysis. From inventory optimization to customer behavior prediction, advanced mathematics drives decision-making in the retail sector. This poll tests your knowledge about how a particular mathematical concept revolutionized retail data analytics and changed how businesses understand customer value.

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Markov Chain modeling
Fibonacci sequence applications
Euclidean distance clustering
Boolean algebra filtering