WGU C723 - Quantitative Analysis for Businesses Questions With Complete Solutions.

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. 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.Statistics - The gathering, organizing, and interpreting of numerical data. Moderating Variable - Variable that changes the effect of independent variable on the dependent variable.