________ Looks for Hidden Patterns and Unknown Relationships Among the Data

question 37

Multiple Choice

________ looks for hidden patterns and unknown relationships among the data a firm has accumulated.

• A) Tracking software
• B) Econometric analysis
• C) Data mining
• D) Data parsing

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Definitions:

Manufacturing and Service Sectors

Two broad areas of the economy; manufacturing involves producing goods, while services entail providing non-physical assistance to consumers or businesses.

Human Resource Planning

The process of forecasting an organization’s future demand for, and supply of, the right type of people in the right number.

Short-Term Change

Alterations or adjustments within an organization that are expected to take place or have effects over a brief period.

Forecasting Techniques

Various methods utilized to estimate or predict future trends based on current data and analysis, applicable in finance, weather prediction, supply chain management, and more.