The Giant Hardware Company Sells Four Different Products - Screws,nails,hammers,and

question 100

Multiple Choice

The Giant Hardware Company sells four different products - screws,nails,hammers,and bolts - in the East,West,and Prairie regions.They want to know how many hammers sold in each of their sales regions and compare actual results with projected sales.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:

Standard Error

A measure of the statistical accuracy of an estimate, indicating the variability of sampling distributions.

Linear Regression

A statistical technique employed to analyze the relationship between a dependent variable and one or more independent variables.

Regression Equation

A mathematical formula used to predict the value of a dependent variable based on one or more independent variables.

Predicted Value

The value estimated using a model or equation based on independent variables, in the context of regression analysis.