What Are Advanced Analytics

question 263

Multiple Choice

What are advanced analytics?

• A)Processes and manages algorithms across many machines in a computing environment.
• B)Focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization.
• 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)A business analytics specialist who uses visual tools to help people understand complex data.

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Definitions:

Percentage Change

Percentage change refers to the measure of the degree of change over time, calculated as the difference between two values divided by the original value, times 100.

Base Year

A specific year against which economic or financial indices are measured to track changes and trends over time.

Profit Margin Ratio

A financial ratio that measures the percentage of revenue that exceeds the cost of goods sold, indicating how much profit a company makes for each dollar of sales.

Asset Turnover Ratio

The Asset Turnover Ratio is a financial metric that measures the efficiency of a company in generating sales revenue from its assets.