Why Do Firms Need to Create Separate Data Repositories for Their

question 66

Multiple Choice

Why do firms need to create separate data repositories for their reporting and analytics work?

• A) Most firms store their data assets offsite to insure themselves against the possibility of data damage through natural disasters.
• B) Maintaining huge databases can be a cost-sink for most firms.
• C) Most organizations need to differentiate data derived in-house and from data aggregators.
• D) Running analytics against transactional data can bog down a TPS.
• E) Reporting and analytics are two separate functions, each requiring its own separate database specifically formatted to the needs of the management team.

Identify and understand the significance of the largest experimental statistical studies in history.

Recognize the importance of data visualization techniques such as data dashboards in descriptive analytics.

Understand the concepts of categorical and quantitative data and their relevance in statistical analysis.

Understand the role and focus of different branches of psychology.

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Definitions:

Discussion Section

Part of academic research papers where findings are interpreted, implications are discussed, and conclusions are drawn.

Results Section

The part of a research paper or report where the findings from the conducted analysis are presented and explained.

Statistical Language

The specialized language, including terminology and symbols, used in statistics for the analysis, interpretation, and presentation of data.

Method Section

A part of a research paper or report that describes how the research was conducted, including participants, materials, and procedure.