Explain How Data-Mining Using Lagging and Leading Measures of the Cause-And-Effect

question 41

Essay

Explain how data-mining using lagging and leading measures of the cause-and-effect model can help managers make business decisions.

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Definitions:

Negative Balance of Trade

A situation where a country's imports of goods and services exceed its exports, resulting in a trade deficit.

Net Exports

represents the difference between a country's total value of exports and its total value of imports, indicating the balance of trade.

Exports

Merchandise or services dispatched to a different country for the sake of trade or sales.

Imports

Goods and services bought by a country from other countries.