The General Process of Gathering, Organizing, Summarizing, Analyzing, and Interpreting

question 17

Multiple Choice

The general process of gathering, organizing, summarizing, analyzing, and interpreting data is called ____________.

• A) Statistics
• B) Descriptive statistics
• C) Inferential statistics
• D) Levels of measurement

---

Definitions:

Bullwhip Effect

A phenomenon in supply chains where minor fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesaler, manufacturer, and supplier levels.

Bullwhip Effect

An occurrence within supply chain management where minor changes in retail demand lead to increasingly significant changes in demand for wholesalers, distributors, and manufacturers.

Dampening

The process of reducing the amplitude or intensity of fluctuations or oscillations in a system or signal.

Amplification

In context, refers to the increase in signal strength or the magnification of the effects or significance of something.