What Focuses on Forecasting Future Trends and Producing Insights Using

question 91

Multiple Choice

What focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization?

• A)Distributed computing
• B)Advanced analytics
• C)Analysis paralysis
• D)Data artist

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Definitions:

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.

Going-concern Assumption

An accounting principle that assumes a business will continue to operate indefinitely, rather than being liquidated.

Financial Statements

Standardized documents that provide an overview of a company's financial performance and position, including the balance sheet, income statement, and cash flow statement.