Analytics Are Typically Divided into Three Major Categories (I

question 14

Essay

Analytics are typically divided into three major categories (i.e. descriptive analytics). Describe each category and provide an example question that each category would address.

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Definitions:

Contribution

The act of giving something, often financial resources, to a common fund or cause.

Compounded Monthly

Refers to an interest calculation method where interest is added to the principal balance on a monthly basis, allowing the interest to earn interest.

Property Taxes

Taxes levied by local government on real property based on its value, used to fund public services.

Current Dollars

The value of money expressed in terms of the purchasing power at the time of reporting, not adjusted for inflation.