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Business Analytics Is the Scientific Process of Transforming Data into Insight

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Business analytics is the scientific process of transforming data into insight for making better decisions.


Definitions:

Compounded Semi-annually

Interest calculation method where interest is added to the principal twice a year, increasing the amount on which future interest is calculated.

Bequest

A transfer of personal property or assets to a beneficiary as dictated by the will of the deceased.

Perpetual Fund

A type of investment fund that has no fixed maturity date, often aiming to provide investors with a steady income indefinitely.

Indexed Annuity

An annuity that earns interest or provides benefits that are linked to the performance of a specified index of the stock market.

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