The Statistical and Logical Analysis of Large Sets of Transaction

question 56

Short Answer

The statistical and logical analysis of large sets of transaction data is known as ____________________.

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Definitions:

Inflation

The acceleration in the general cost levels of goods and services, causing a decline in the ability to acquire.

Real GDP

Real Gross Domestic Product (GDP) measures the value of all final goods and services produced within a country in a given period, adjusted for inflation.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given time period.

Current Dollars

A term referring to the value of money not adjusted for inflation, representing the nominal value of economic transactions based on current prices.