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Earn +20 ptsQ: How can historical data evaluated?
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Continue Learning about Math & Arithmetic
What do you mean by data warehouse?
Data warehouse is a house where current as well as historical data can be stored.
How does data vary with age?
They don't, they become historical data but the facts/numbers are still what they were when the measurement were recoded.
Which is an example of how mathematics may be used in the collection or evaluation of data?
Mathematics can be used to complete precise measurements that can be easily presented and evaluated in mathematical form.
How do time-series methods work?
This forecasting model uses historical data to try to predict future events.
Why is variance a poor measure of risk?
One definite drawback is that it is usually derived based on historical data and does not take into account future factors.
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