What Are Advanced Analytics

question 263

Multiple Choice

What are advanced analytics?

• A)Processes and manages algorithms across many machines in a computing environment.
• B)Focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization.
• C)Occurs when the user goes into an emotional state of over-analysis (or over-thinking)a situation so that a decision or action is never taken, in effect paralyzing the outcome.
• D)A business analytics specialist who uses visual tools to help people understand complex data.

---

Definitions:

Higher-Order Needs

Refers to psychological needs that are related to the self-actualization and personal growth of an individual, as highlighted in Maslow's hierarchy of needs.

Benevolents

Individuals who exhibit a disposition to do good and to act with kindness and charity.

Equity Ratio

A financial metric that measures the proportion of a company’s total assets that are financed by shareholders' equity, indicating financial stability.

Frederick Taylor

A mechanical engineer who founded the scientific management movement, emphasizing efficiency, labor productivity, and systematic organization of work.