For managers to make decisions, they need to look at data over a long period of time. This type of data is called historical data. Most data mining techniques use historical data to build “knowledge” out of it. What type of requirement is historical data? Select one. Question 5 options: A Nonfunctional Requirement B Functional Requirement
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
For managers to make decisions, they need to look at data over a long period of time. This type of data is called historical data. Most data mining techniques use historical data to build “knowledge” out of it.
What type of requirement is historical data? Select one.
Question 5 options:
|
A
|
Nonfunctional Requirement |
|
B
|
Functional Requirement |
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