Which of These Refers to Raw Facts and Figures That

question 26

Multiple Choice

Which of these refers to raw facts and figures that in and of themselves may not be useful?

• A) Information
• B) Technology
• C) Data
• D) E-commerce
• E) EDI

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Definitions:

Forecasting

The process of making predictions about the future based on past and present data and analysis of trends.

Exponential Smoothing

A forecasting technique that applies diminishing weights to past observations, with recent observations given more weight than older observations.

Weights

Factors that adjust the importance or influence of different items in a calculation, often used in statistical analysis and algorithms.

Linear Trend

A trend that consistently increases or decreases at a steady rate over a period of time.