In the Context of Executive Information Systems (EISs), _____ Allows

question 7

Multiple Choice

In the context of executive information systems (EISs) , _____ allows managers to flag data that is unusual or out of normal boundaries.

• A)forecasting
• B)text mining
• C)variance reporting
• D)data reporting

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Definitions:

Mathematical Summaries

The use of statistics, such as mean, median, mode, and range, to provide a comprehensive overview of numerical data.

Inferential Statistics

A branch of statistics that allows us to make predictions or inferences about a population based on data from a sample.

Descriptive Statistics

Descriptive Statistics consist of quantitative analysis techniques that summarize, show, or describe basic features of a dataset, providing simple summaries about the sample and the measures.

Statistically Significant

A statistical judgment indicating that observed data are unlikely to occur by chance, suggesting a meaningful relationship or effect.