In the Spectrum of Business Analytics, Which Is the Most

question 28

Multiple Choice

In the spectrum of business analytics, which is the most complex?

• A)Descriptive
• B)Predictive
• C)Prescriptive
• D)Operational

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Definitions:

Daily Sales

Daily sales represent the total amount of products or services sold by a business during one day.

Critical Value

A threshold value that is compared with the test statistic to determine whether to reject the null hypothesis in hypothesis testing.

P-value

A measure in statistics that helps in determining the significance of results obtained in an experiment or survey. It indicates the probability of observing results as extreme as those observed if the null hypothesis is true.

Average Sales

The mean amount of sales over a certain period, calculated by summing all sales figures and dividing by the number of sales transactions.