WGU C723 - Quantitative Analysis for Businesses Exam Questions And Answers Solved 100% Correct!!

Quantitative Analysis - Analysis using objective data. 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.