Business Intelligence (BI)________ Uses Sophisticated Statistical and Mathematical Techniques to Perform

question 100

Short Answer

Business Intelligence (BI)________ uses sophisticated statistical and mathematical techniques to perform what-if analyses,to make predictions,and to facilitate decision making.

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Definitions:

Relevant

Pertains to information or costs that are pertinent to a particular decision, differing under the alternatives being considered.

Financial Advantage

The benefit derived from making a financial decision that results in gains exceeding costs.

New Product

An item recently introduced to the market that has not previously been available for purchase by consumers.

Joint Process

A manufacturing operation that produces multiple products simultaneously from the same process or raw materials, often seen in industries like chemicals or agriculture.