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C207 OA QUESTIONS AND ANSWERS 100% SOLVED
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C207 OA QUESTIONS AND ANSWERS 100% SOLVED Simple indexing -Ans>> Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index -Ans>> assign a weight to allow for significant differences in the index. Reasons for including analytics in decision-making -Ans>> decrease cost of data storage
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questions and answers 100 solved
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