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Forecasting the transaction fees per client : In search for client segmentation

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Figure

Figure 1 - Conceptual Framework
Table 2 - Output of percentiles with resulting maximum using winsorizing (based on dataset with invested amount ≥ €2,000)
Table 3 - Core statistics (99th and 95th percentile) of factors on transaction cost on the combination of three years
Table 4 - Correlation value and significance (* p < 0.05. **p < 0.01. ***p < 0.001.) of factors and percentage transaction cost
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