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The scenario in which the trade deficit slowly shrinks over time is called the
Prescriptive Analytics
A type of business analytics that recommend one or more courses of action and showing the likely outcome of each decision.
Predictive Analytics
A type of business analytics that examines recent and historical data in order to detect patterns and predict future outcomes and trends.
Descriptive Analytics
A type of business analytics that summarize what has happened in the past and allow decision makers to learn from past behaviors.
Deep Analysis
Entails an exhaustive examination and evaluation of data or a situation to gain comprehensive insights and understand complex issues.
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