Final answer:
Sophisticated forms of business data analysis are termed business analytics, which involve the use of statistical analysis and predictive modeling among other techniques.
Step-by-step explanation:
Sophisticated forms of business data analysis are known as business analytics. The term business intelligence is often used interchangeably, but it typically refers more specifically to the tools and practices used to access and analyze business data. When dealing with data trends, analytical intelligence is used most, which aligns closely with business analytics.
This area involves various methods, such as statistical analysis, explanatory and predictive modeling, and fact-based management to drive decision-making. For instance, analytical modeling is utilized in ecosystems to create mathematical representations of linear aspects. In social sciences, tools like statistics help to analyze data effectively.