What Is Analysis Paralysis

question 48

Multiple Choice

What is analysis paralysis?

• A) Processes and manages algorithms across many machines in a computing environment
• B) Focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization
• C) Occurs when the user goes into an emotional state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome
• D) A business analytics specialist who uses visual tools to help people understand complex data

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Definitions:

Interest Rates

The percentage charged by a lender to a borrower for the use of assets, usually expressed as an annual percentage of the principal loan amount.

Hotelling Rule

An economic theory that addresses how the price of non-renewable resources should increase over time under conditions of efficient extraction and market equilibrium.

Marginal Extraction Cost

The additional cost associated with extracting one more unit of a resource.

Treasury Bill

A short-term government security issued at a discount from the par value and pays no interest, maturing in a year or less.