Financial Forecasting Is Very Easy with the Right Data and Thus

question 21

True/False

Financial forecasting is very easy with the right data and thus big data makes it very accurate.

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Definitions:

New Information

Recently acquired or updated data or knowledge that has the potential to influence decisions, opinions, or behaviors.

Seasonal Spending

The practice of altering expenditure based on the season, often influenced by holidays, climatic changes, or other seasonal events affecting consumer behavior.

Marketing Research Study

A Marketing Research Study involves systematically collecting, analyzing, and interpreting data about a market, including products and consumers, to inform business decisions.

Syndicated Data

Data collected on a regular basis by market research companies and then sold to businesses interested in the findings for their market analysis.