What Is Fast Data

question 97

Multiple Choice

What is fast data?

• A) Processes and manages algorithms across many machines in a computing environment
• B) A data value that is numerically distant from most of the other data points in a set of data
• C) Occurs when the user goes into an emotional state of over-analysis (or over-thinking)a situation so that a decision or action is never taken,in effect paralyzing the outcome
• D) The application of Big Data analytics to smaller data sets in near-real or real-time in order to solve a problem or create business value

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Definitions:

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed.

Loanable Funds Market

The hypothetical market that illustrates the interaction between borrowers who demand loanable funds and lenders who supply loanable funds, determining the equilibrium real interest rate.

Surplus

Surplus is the situation in which the quantity supplied of a product or service exceeds the quantity demanded, often leading to lower prices.

Equilibrium Interest Rate

The interest rate at which the supply of savings meets the demand for investment funds in a market, leading to an economic balance.