Advanced Analytics Focuses on Forecasting Future Trends and Producing Insights

question 86

True/False

Advanced analytics focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization.

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Definitions:

Compounds Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Quarterly

Occurring or produced every quarter of a year (every three months).

Annual Interest Rate

The percentage of a sum of money charged for its use or paid to investors, calculated annually.

Logarithmic Equation

An equation that involves the logarithm of an expression equal to a value or another logarithm.