________ Is a Decision Support Tool, Often Based on an Excel

question 117

Multiple Choice

________ is a decision support tool, often based on an Excel model, in which the user sets a target value for a particular variable, such as profit/ loss, and tells the program which variable to change to try to reach the goal.

• A) Goal seeking analysis
• B) Data harvesting
• C) Market basket analysis
• D) Data aggregation

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Definitions:

Categories

Distinct groups or classifications into which items or observations are divided based on shared qualities or characteristics.

Data Mining

The process of analyzing large sets of data to discover patterns and relationships that can inform decision making.

Consumer Focus

A business strategy that prioritizes understanding and meeting the needs and preferences of consumers.

Major Applications

Refers to the primary or most significant uses of a technology, concept, or product in various fields or industries.