What Is Advanced Analytics

question 3

Multiple Choice

What is advanced analytics?

• A) A collection of large, complex data sets, including structured and unstructured data, that cannot be analyzed using traditional database methods and tools
• B) Processes and manages algorithms across many machines in a computing environment
• C) Uses data patterns to make forward-looking predictions to explain to the organization where it is headed
• D) Extracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information

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Definitions:

Pension Fund

A type of investment pool established for the purpose of managing and investing collected retirement savings for members.

Common Stocks

Equity securities that represent ownership in a corporation, entitling holders to dividends and, in most cases, voting rights.

Discount Rate

The interest rate charged by central banks for loans to commercial banks or the rate used in discounted cash flow analysis to determine the present value of future cash flows.

Federal Funds Rate

The Federal Funds Rate is the interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight, set by the Federal Reserve.