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A key principle of Adam Smith's economic theory was that
Understand Risk
The process of identifying, assessing, and prioritizing potential risks to minimize their impact on objectives.
Statistical
Relating to or involving the use of statistics to collect, analyze, interpret, and present data.
Diagnostic Analytics
Diagnostic analytics is the process of examining data to understand the reasons behind past performance, focusing on identifying patterns, correlations, and cause-effect relationships.
Prescriptive
Relating to providing guidance or recommendations on what actions to take, often based on analytical models.
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