Which of the Following Best Describes the Data Analytics Skill

question 37

Multiple Choice

Which of the following best describes the data analytics skill of defining and addressing problems through statistical data analysis?

• A) recognize what is meant by data quality, be it completeness, reliability or validity
• B) perform basic analysis to understand the quality of the underlying data and its ability to address the business question
• C) demonstrate ability to sort, rearrange, merge and reconfigure data in a manner that allows enhanced analysis
• D) identify and implement an approach that will use statistical data analysis to draw conclusions and make recommendations on a timely basis

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Definitions:

Classical Economists

Early economic theorists who focused on the forces of supply and demand, competition, and free markets as the drivers of economic prosperity.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation as the primary method for stabilizing the economy and combating inflation.

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand.

Real Income

The income of an individual or group after adjusting for inflation, reflecting the actual purchasing power of the income.