Identify How Firms Use Predictive Analysis

question 105

Multiple Choice

Identify how firms use predictive analysis.

• A)to provide an educated guess regarding what is expected to occur in the near future
• B)to engage in data warehousing
• C)to engage in a low-cost strategy
• D)to design the most effective accounting information system

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Definitions:

Material Types

Varieties of substances or resources used in the production of goods or in the execution of projects and tasks.

Specialized Search Engine

A search engine designed to focus on a specific segment of online content, providing targeted and relevant results for users interested in that particular area.

Electronic Personal Agents

Software agents or programs that perform tasks or services for an individual, such as scheduling, reminders, or information retrieval, often through AI and machine learning.

Secondary Research

The process of gathering existing data from previously published sources.