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Explain How Business Dashboards Are Superior to Traditional Business Reports

question 68

Essay

Explain how business dashboards are superior to traditional business reports in terms of providing information to managers.


Definitions:

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Deductive Reasoning

An intellectual procedure where an inference is made based on the harmony of various statements, which are usually taken as facts.

Positive Correlation

A relationship between two variables where they move in the same direction.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases.

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