What Are the Problems That Can Occur in a Data

question 33

Essay

What are the problems that can occur in a data set?

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Definitions:

Inventory

The goods and materials that a business holds for the ultimate goal of resale, representing one of the most important assets for companies dealing with physical products.

FIFO

"First In, First Out," a stock valuation approach where the earliest acquired or manufactured items are the first to be sold or utilized.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number.