The Systems That Are Used to Interact with Customers and Run

question 4

Multiple Choice

The systems that are used to interact with customers and run a business in real time are called ________.

• A) tactical systems
• B) strategic systems
• C) operational systems
• D) informational systems
• E) executive systems

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Definitions:

Least Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of squares of the differences between observed values and the values predicted by the model.

Correlation Coefficient

A numerical measure that quantifies the degree of correlation or linear relationship between two variables, ranging from -1 to 1.

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a strong relationship.

Best Fitting Line

A line drawn through a scatterplot of data points that best expresses the relationship between those points.