Business Intelligence Uses Scorecards and Query Reports to Support Decision-Making

question 86

True/False

Business intelligence uses scorecards and query reports to support decision-making activities,whereas business analytics uses data mining tools and predictive modeling.

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Definitions:

Weighted Average

A calculation method that takes into account the varying degrees of importance of the numbers in a data set, resulting in a figure that represents the overall effect.

Average Unit Cost

The total cost of goods available for sale divided by the number of units available for sale, used to value inventory.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to some numbers than others.