Explain the difference between “big data” and ‘data’.

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Answer 1

Question

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.

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Answer 2

Question

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.

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Answer 3

Question

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.

Answer 6

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.

Answer 7

Chapter 27, Problem 1E

To determine

Explain the difference between “big data” and ‘data’.

Answer 8

Expert Solution & Answer

Explanation of Solution

Data:

A data is set of existing factor, information, knowledge or observations which can be used for further study to predict something. It can be measure, analyzed and visualized using some analysis tools or graphs and images.

Big data:

Big data is a large set of data which vary over time.

The main difference between data and big data is that data can be cross sectional and time series, however big data is only time series data.