_____________________ tools and techniques process data and do statistical analysis for insight and discovery-that is, to discover meaningful relationships in the data, keep informed of real time, gain insight, detect trends, and identify opportunities and risks.
A) Metric analysis
B) Market research
C) Business intelligence BI)
D) Pattern recognition

Question

Quizplus · Accepted Answer

Business intelligence tools and techniques provide data processing and statistical analysis for gaining insights, identifying trends, and identifying opportunities and risks. It helps in making informed decisions based on real-time data. Metric analysis is a part of this process, but it does not encompass the full range of BI tools and techniques. Market research is also related, but it is not focused solely on data analysis and statistical methods. Pattern recognition is a specific technique within BI, but it is not the only aspect of this field.

_____________________ Tools and Techniques Process Data and Do Statistical Analysis