Data analysis Flashcards
(6 cards)
1
Q
Data analysis A01
A
The process of transforming raw data into useable information to present, interpret and analyse a business situation
2
Q
M- commerce A01
A
Buying and selling of goods and services online using wireless handheld devices
3
Q
E- commerce A01
A
Commercial transactions conducted electronically on the internet
4
Q
5 methods used to analyse data
A
Pie charts
Histograms
Bar charts
Index numbers
Line graphs
5
Q
Formula for index numbers
A
(Value in period divide value in base period) times by 100
6
Q
Advantages of index numbers
A
-simplifies complicated data
- makes it easier to compare
