Which Approach to Data Analytics Attempts to Estimate or Predict,for

question 51

Multiple Choice

Which approach to data analytics attempts to estimate or predict,for each unit,the numerical value of some variable using some type of statistical model?

• A) Similarity matching.
• B) Classification.
• C) Data reduction.
• D) Regression.

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Definitions:

Contribution Margin Ratio

The contribution margin ratio is a financial metric indicating the proportion of sales revenue that exceeds variable costs, expressed as a percentage.

Monthly Fixed Expenses

Regular expenses that do not vary in amount and are paid on a monthly basis.

Contribution Margin Ratio

The proportion of sales revenue that exceeds variable costs, typically expressed as a percentage, indicating how much contributes to covering fixed costs and generating profits.

Fixed Expenses

Costs that do not vary with the level of production or sales over a short period, such as rent, salaries, and insurance.