What Is Advanced Analytics

question 423

Multiple Choice

What is advanced analytics?

• A) A collection of large,complex data sets,including structured and unstructured data,which can't be analyzed using traditional database methods and tools
• B) Processes and manages algorithms across many machines in a computing environment
• C) Focuses on forecasting future trends and producing insights using sophisticated quantitative methods,including statistics,descriptive and predictive data mining,simulation,and optimization
• D) Extracts knowledge from data by performing statistical analysis,data mining,and advanced analytics on Big Data to identify trends,market changes,and other relevant information

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Definitions:

Limitation of Remedies Clause

A contract provision that restricts the types of remedies available to the parties in case of breach, often to mitigate liability.

Unconscionable

Actions or conditions that are shockingly unfair or unjust; often referring to terms in contracts that are so one-sided that they are oppressive or unfairly penalize one party.

Privity of Contract

A legal concept that restricts the rights or duties arising under a contract to the parties who agreed to it.

Contractual Relation

A legally binding agreement between two or more parties that outlines the rights and duties of each party.