C723 QUANTITATIVE ANALYSIS FOR BUSINESS
FINAL PAPER 2026 COMPLETE QUESTIONS
AND SOLUTIONS
● Qualitative Analysis - Analysis using subjective data.
● Response Variable - Another name for the dependent variable.
● Explanatory Variable - Another name for the independent variable.
● Negative Correlation - Correlation that occurs when one variable
increases and the other variable decreases.
● Positive Correlation - Correlation that occurs when one variable
increases and the other variable increases, too.
● Nonnumeric Data - Data of a form such as words, symbols, or letters
that are not used in calculations.
● Numerical Data - Data represented by numbers.
, ● Trendline - Line that shows the general direction of the relationship of
points over time.
● Objective Data - Measurable data oftain obtained through observations
or testing.
● Correlation - Measure of the strength of the linear relationship
between variables.
● Metric - Measurement used to gauge performance.
● Forecasting - Method or process used to make short range decisions
where the actual outcomes have not yet occurred.
● Subjective Data - Non-measurable data often obtained through surveys
or interviews.
● Descriptive Statistics - The analysis of data to describe, interpret, and
summarize data in a meaningful way to find patterns.
● Inferential Statistics - The analysis of data to reach conclusions,
generalizations, and estimations based on a small sample of the
population.
FINAL PAPER 2026 COMPLETE QUESTIONS
AND SOLUTIONS
● Qualitative Analysis - Analysis using subjective data.
● Response Variable - Another name for the dependent variable.
● Explanatory Variable - Another name for the independent variable.
● Negative Correlation - Correlation that occurs when one variable
increases and the other variable decreases.
● Positive Correlation - Correlation that occurs when one variable
increases and the other variable increases, too.
● Nonnumeric Data - Data of a form such as words, symbols, or letters
that are not used in calculations.
● Numerical Data - Data represented by numbers.
, ● Trendline - Line that shows the general direction of the relationship of
points over time.
● Objective Data - Measurable data oftain obtained through observations
or testing.
● Correlation - Measure of the strength of the linear relationship
between variables.
● Metric - Measurement used to gauge performance.
● Forecasting - Method or process used to make short range decisions
where the actual outcomes have not yet occurred.
● Subjective Data - Non-measurable data often obtained through surveys
or interviews.
● Descriptive Statistics - The analysis of data to describe, interpret, and
summarize data in a meaningful way to find patterns.
● Inferential Statistics - The analysis of data to reach conclusions,
generalizations, and estimations based on a small sample of the
population.
