Explain the Difference Between Operational and Informational Systems as Well

question 108

Essay

Explain the difference between operational and informational systems as well as the primary factors that contribute to the need for separation.

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Definitions:

Mean Absolute Deviation

A measure of dispersion in a dataset, calculated as the average distance between each data point and the mean of the data.

Sum of Squares

A measure of the total variability within a data set, calculated by summing the squares of differences from the mean.

Daily Indexes

These are metrics or values that are recalculated every day to reflect the current state or performance of a particular dataset or market.

Mean Absolute Deviation

The average of the absolute differences between each data point in a set and the overall mean, reflecting dispersion.