Asked by Anonymous
Describe the business benefits of parameter estimation. Provide examples of the type of parameters that might be of interest to decision makers in areas such as marketing.
Answers
Answered by
PsyDAG
Depending on what you measure, it will indicate who is buying what, how much it costs to produce, what the profits are. This should give you a start.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.