The Giant Hardware Company sells four different products - screws,nails,hammers,and bolts - in the East,West,and Prairie regions.They want to know how many hammers sold in each of their sales regions and compare actual results with projected sales.What tools should they use to analyze the data?
A)OLAP
B)data mining
C)predictive analysis
D)text mining

Question

Quizplus · Accepted Answer

OLAP (Online Analytical Processing) tools are designed to analyze multidimensional data from different perspectives, allowing users to summarize and aggregate data by various dimensions and drill down to lower levels of detail. This makes it an appropriate choice for analyzing sales data by region and product, such as the number of hammers sold in each region. OLAP tools can also be used to compare actual results with projected sales, allowing the company to identify any discrepancies and take corrective measures. Data mining and predictive analysis may also be useful for identifying patterns and trends in sales data, but they are not specifically designed for multidimensional analysis. Text mining, on the other hand, is used to extract insights from unstructured data sources such as text documents, and is not relevant for this scenario.

The Giant Hardware Company Sells Four Different Products - Screws,nails,hammers,and