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DA0-001 · Question #516

Which of the following methods is a business analyst most likely to use when checking sales against performance goals?

The correct answer is A. Correlation. Correlation measures the statistical relationship between two variables - in this case, actual sales and performance goals - to determine how closely they align. A high positive correlation indicates that actual sales track closely with the targets, helping the analyst assess…

Data Analysis

Question

Which of the following methods is a business analyst most likely to use when checking sales against performance goals?

Options

  • ACorrelation
  • BInterpolation
  • CProjection
  • DImputation

How the community answered

(50 responses)
  • A
    90% (45)
  • B
    6% (3)
  • C
    2% (1)
  • D
    2% (1)

Explanation

Correlation measures the statistical relationship between two variables - in this case, actual sales and performance goals - to determine how closely they align. A high positive correlation indicates that actual sales track closely with the targets, helping the analyst assess whether goals are being met consistently. Interpolation estimates unknown values between known data points and is not used for goal comparison. Projection forecasts future values based on historical trends. Imputation fills in missing data values. Correlation is the most appropriate method for evaluating the relationship and alignment between two sets of values, such as actual sales and performance benchmarks.

Topics

#Correlation#Business Analytics#Performance Measurement#Statistical Methods

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