A Key Element of __________ Databases Is Their Ability to Support

question 25

Short Answer

A key element of __________ databases is their ability to support OLAP queries that make it possible to combine data, drill down to specifics, or slice and dice the data to view it from different perspectives.

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Definitions:

Rational Expectations

The hypothesis that individuals form predictions of the future based on available information and act on those predictions rationally.

Consumption Goods

Goods that are purchased by consumers for the purpose of consumption and not for resale.

Capital Goods

Physical assets such as buildings, machinery, and equipment used by businesses to produce goods and services.

Competitive Economy

An economic system in which businesses and individuals freely compete for consumers' money with minimal government intervention, leading to innovation and efficient market outcomes.