What Focuses on Forecasting Future Trends and Producing Insights Using

question 351

Multiple Choice

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

• A)big data
• B)distributed computing
• C)advanced analytics
• D)data scientist

---

Definitions:

Confidence Interval

An interval of values, calculated from samples, that probably includes an undetermined population statistic, at a designated level of certainty.

Ordinal Data

A type of categorical statistical data type that involves order or ranking of the values but not the exact difference between them.

Weight

A measure of the gravitational force exerted on an object, typically measured in pounds or kilograms.

Gender

A social construct used to classify a person as a man, woman, or other identity, based on societal roles, behaviors, and characteristics.