What Is Analysis Latency

question 13

Multiple Choice

What is analysis latency?

• A)The time duration to make data ready for analysis and load the data into the database.
• B)The time from which data are made available to the time when analysis is complete.
• C)The time it takes a human to comprehend the analytic results and determine an appropriate action.
• D)None of these.

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Definitions:

Old Equipment

Machinery or tools that have been used for a long period and may be outdated or less efficient compared to newer versions.

Calculate

Calculate involves using mathematical or statistical methods to determine or assess a particular value, quantity, or outcome based on given data or parameters.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision.

Relevant Costs

Costs that should be considered when making decisions, characterized by their occurrence in the future and variability depending on the decision made.