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

question 38

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:

Implied Warranties

Legal guarantees implied by law regarding the satisfactory quality and fit for purpose of goods, even if not expressly stated by the seller.

Remedy Limitation

Restrictions placed on the types or extent of legal remedies available to a plaintiff in a lawsuit, often stipulated in contracts.

Recovery of Damages

The process by which a victim of a breach of contract or tort seeks financial compensation or restitution for loss or injury.

Clause

A specific provision or section within a legal document that relates to a particular point or issue.