Business Intelligence (BI)is a Term Used to Describe a Range

question 2

True/False

Business intelligence (BI)is a term used to describe a range of different applications and technologies used to extract and analyze large amounts of data to aid in decision making.

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Definitions:

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income.

Price Level

An index that measures the average of prices for goods and services in an economy over a period, often used to assess inflation or deflation.

Disposable Income

The leftover money for households to use in savings and for buying things, once income taxes have been considered.

Consumption Function

An economic formula that represents the relationship between total consumption and gross national income, indicating how changes in income affect spending.