Answers
Here are the answers to the preceding questions:
- No. The variables would be of different numeric dimensions.
- To achieve higher revenue by selling smaller quantities of items to avoid logistics costs.
- We can use time series to build a forecast of sales in subsequent years.
- We can optimize inventory management by understanding which groups have a higher product rotation and at what time of the year.
- Reasons could include the product's dimension and weight and the origin and destination. A group with these characteristics could affect the profits of the company if it does not adopt the correct approach.