Which of the Following Is Used to Spot Trends, Identify

question 19

Multiple Choice

Which of the following is used to spot trends, identify patterns, generate reports for compliance purposes, do research, and plan strategies?

• A)data warehouse
• B)operational database
• C)data dictionary
• D)transaction database

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Definitions:

Inferential Statistics

Statistics that allow researchers to make predictions or inferences about a population based on a sample of data.

Mathematical Procedures

Systematic operations or processes in mathematics that involve calculation, reasoning, and problem-solving.

Level of Significance

A statistical threshold used to determine if a result can be considered statistically significant, often denoted by alpha (α).

Statistical Risk

Statistical risk quantifies the likelihood of a negative event occurring. It is often used in the context of financial markets, health studies, and other areas requiring risk assessment based on numerical data.