For a Data Set to Be Considered Big Data, It

question 25

True/False

For a data set to be considered Big Data, it must display only one of the 3Vs (volume, velocity and variety).

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Definitions:

Opportunity Cost

is the benefit that is missed or given up when choosing one alternative over another.

Private Investment

The expenditure on capital goods by private sector firms or individuals to increase their productive capacity.

Federal Budget

The annual financial statement presenting the government's proposed revenues and spending for a fiscal year.

U.S. Treasury Securities

U.S. Treasury securities are debt instruments issued by the United States Department of the Treasury to fund government spending activities.