Glossary Week 2 Flashcards
Algorithm
A process or set of rules followed for a specific task.
Big data
Large, complex datasets typically involving long periods of time, which enable data analysts to address far-reaching business problems.
Dashboard
A tool that monitors live, incoming data.
Metric
A single, quantifiable type of data that is used for measurement.
Metric goal
A measurable goal set by a company and evaluated using metrics.
Pivot chart
A chart created from the fields in a pivot table .
Pivot table
A data summarization tool used to sort, reorganize, group, count, total, or average data.
Qualitative data
A subjective and explanatory measure of a quality or characteristic.
Quantitative data
A specific and objective measure, such as a number, quantity, or range.
Report
A static collection of data periodically given to stakeholders.
Return on investment (ROI)
A formula that uses the metrics of investment and profit to evaluate the success of an investment.
Revenue
The total amount of income generated by the sale of goods or services
Small data
Small, specific data points typically involving a short period of time, which are useful for making day-to-day decisions.
