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Collecting Data Over a Period of Time and Then Processing

question 21

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Collecting data over a period of time and then processing that data all at the same time is called what type of processing?


Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Qualitative Models

These are non-numerical frameworks or approaches used to understand patterns, processes, or behaviors in various fields such as social sciences or business.

Formal Planning

The process of setting organizational goals, developing strategies to achieve those goals, and outlining specific plans of action in a structured manner.

Data Collection

The systematic gathering and measuring of information from various sources to gain insights and make informed decisions.

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