What Are Business Analytics

question 34

Multiple Choice

What are business analytics?

• A) The scientific process of transforming data into insight for making better decisions.
• B) Techniques that describe past performance and history.
• C) Techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
• D) Techniques that create models indicating the best decision to make or course of action to take.

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Definitions:

Incidence Rates

The rate at which new cases of a disease or condition occur in a population over a specified period of time.

Depression

A mental health condition exemplified by a prolonged depressed state or lack of excitement in activities, leading to considerable obstacles in daily living.

Value Judgments

Assessments or opinions about the worth, desirability, or importance of something based on personal values or cultural standards.

Psychological Disorders

Mental health conditions characterized by significant disturbances in thoughts, emotions, or behavior, which can impact daily functioning and well-being.