What Is the Difference Between Multidimensional Analysis and Statistical Analysis

question 112

Multiple Choice

What is the difference between multidimensional analysis and statistical analysis?

• A) Multidimensional analysis is a higher level of mathematical analysis than normal statistical analysis
• B) Multidimensional analysis uses a form of fuzzy logic whereas statistical analysis is objective
• C) Statistical analysis requires a step-by-step approach to data analysis; multidimensional analysis does not
• D) Statistical analysis is a mathematical approach to understanding information; multidimensional analysis is a way of viewing information from different perspectives

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Definitions:

Standing Plans

Pre-established policies, procedures, and rules designed to guide actions and decision-making in an organization's recurring situations.

Strategic Plans

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Single-use Plans

Specific plans developed to achieve a particular goal that is not expected to recur, used for unique or non-routine situations.

Strategic Plans

Documents or frameworks that outline an organization's long-term goals and the actions needed to achieve them, taking into account external and internal environments.