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Author Question: Going from data to information to intelligence is like a funnel. Explain what that ... (Read 58 times)

jjjetplane

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on: Jun 29, 2018
Going from data to information to intelligence is like a funnel. Explain what that means.

Question 2

Dependent variables are
 a. predictors of a phenomenon
  b. covariates or causes of a phenomenon
  c. used to explain independent variables
  d. phenomena one seeks to explain


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Melissahxx

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Data are simply facts or recorded measures of certain phenomena (things or events). Information is data formatted (structured) to support decision making or define the relationship between two facts. Business intelligence is the subset of data and information that actually has some explanatory power enabling effective decisions to be made. So there is more data than information and business intelligence.

Answer to Question 2

D
Dependent variables are phenomena one seeks to explain, while independent variables are used to explain dependent variables.


jjjetplane

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Reply #2 on: Jun 29, 2018
Thank you :)


Melissahxx

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Reply #3 on: Jun 29, 2018
Happy to help you


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