Business Intelligence (BI) Changes the Traditional Flow of Information So

question 5

True/False

Business intelligence (BI) changes the traditional flow of information so that the database goes to the individual rather than the individual going to the database.

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Definitions:

Elasticity

A measure in economics that indicates how the quantity demanded or supplied of a product changes in response to a change in price.

Supply

Represents the total amount of a specific good or service that is available to consumers.

Income Elasticity

measures how much the quantity demanded of a good changes in response to a change in consumers' income.

Midpoint Method

A technique used in economics to calculate the percentage change between two values, averaging the initial and final values to estimate elasticity.