Data Analytics Flashcards
7 cards from real CCRM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Data Analytics flashcards as text
A CRM team runs an A/B test on two email subject lines and finds a p-value of 0.03. At a significance level of 0.05, what should they conclude?
Answer: The difference in open rates is statistically significant and unlikely due to chance
A p-value of 0.03 is below the 0.05 threshold, meaning the observed difference is statistically significant at the chosen confidence level.
Which RFM dimension specifically measures how recently a client last interacted with the company?
Answer: Recency
Recency measures the time elapsed since the client's most recent purchase or interaction, with lower values indicating more recent activity.
A client analytics team discovers a strong correlation between client age and product preference. Before acting on this, what should they verify?
Answer: That the correlation is not driven by a confounding variable such as income level
Correlation does not imply causation, and an observed relationship may be explained by a third confounding variable.
In the context of CRM analytics, 'sentiment analysis' is used to:
Answer: Classify client feedback text as positive, negative, or neutral using NLP techniques
Sentiment analysis uses natural language processing to detect and classify the emotional tone of client-generated text such as reviews and emails.
A CCRM professional needs to track client health scores continuously. Which data infrastructure approach is most appropriate?
Answer: A real-time data pipeline feeding a live dashboard with automated alerts
Real-time pipelines and live dashboards enable proactive intervention by surfacing changes in client health as they occur.
Which scenario represents an ethical concern in client data analytics?
Answer: Using personal client data to train models without obtaining explicit consent
Using personal data without explicit consent violates privacy regulations such as GDPR and CCPA and constitutes an ethical breach.
A relationship manager wants to forecast client revenue for the next 12 months using historical monthly revenue data. Which method is most appropriate?
Answer: Time-series forecasting using ARIMA or exponential smoothing
Time-series methods like ARIMA or exponential smoothing are designed to model sequential temporal data and produce future-period forecasts.