Question

Finn designs and sells screen-printed t-shirts. He is reviewing sales data from previous years to decide which colors are the most popular, and would therefore be the best investments for his next batch of t-shirts. This is an example of _________. Group of answer choices

1. business analytics
2. all of these answers
3. a management information
4. system data science

Answer 1

1

Step-by-step explanation:

Business analytics

Business analytics is the process of collecting, collating, sorting, processing, and studying business data, and using statistical models and iterative methodologies to transform data into business insights. The goal of business analytics is to determine which datasets are useful and how they can be leveraged to solve problems and increase efficiency, productivity, and revenue.. In order for Finn to take the right business decisions, he is reviewing data on the t-shirts to make the right business decisions.

Answer 2

1) business analytics

Step-by-step explanation:

Business analytics refers to a management method where data is collected, processed and then studied using statistical analysis to obtain relevant business information that can help management make better decisions to improve efficiency and productivity.

It differs from data driven decision making (DDDM) in the fact that business analytics considers statistical data as an important and vital tool, but not the only important tool as DDDM does.