The Huge Amount of Production, Consumer, and Social Media Data

question 16

Multiple Choice

The huge amount of production, consumer, and social media data collected in digital form is called ________.

• A) petabytes
• B) big data
• C) the big bang theory
• D) prescriptive analytics
• E) business analytics

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Definitions:

Coefficient of Correlation

A metric that evaluates the degree and angle of a direct correlation between two quantities.

Coefficient of Determination

A statistical measure, often denoted as R-squared, that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables using a linear equation.

Sum of Squares

A statistical measure that quantifies the total variability within a dataset, used in various statistical methods to analyze variance.