WGU C207 OA| 501 Questions | And Answers With Complete Solutions

Simple indexing correct answer: 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 correct answer: assign a weight to allow for significant differences in the index. Reasons for including analytics in decision-making correct answer: decrease cost of data storage increase processing power Descriptive Analytics correct answer: using current and past data for strictly descriptive purposes. i.e. car price data shows a 2% increase over the prior year