The Bank of Canada Has Large Amounts of Data Collected

question 70

Multiple Choice

The Bank of Canada has large amounts of data collected over many years.It wants to get value from this data.They decide they want to analyze this large amount of data.They don't have any particular question in mind,they just want to find out if there are any hidden trends in the data.What tools should they use to analyze the data?

• A)OLAP
• B)data mining
• C)predictive analysis
• D)text mining

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Definitions:

Immigration

The process of permanently settling in a country that is not one's own.

Country A

A placeholder name often used in hypothetical economic models or discussions to refer to an unspecified country.

Business Income

The profit or loss generated from a company's activities after deducting expenses.

Emigration

The act of leaving one's resident country or region with the intent to settle elsewhere.