multiple choice question\nwhich best describes the purpose of business analytics?\n○ vast amounts of data…

multiple choice question\nwhich best describes the purpose of business analytics?\n○ vast amounts of data are collected, and understanding it requires statistical knowledge.\n○ profitability analysis\n○ business analytics is used to process and analyze data and information to support a story or narrative of a companys business.\n○ provide justification for a change in marketing strategy

multiple choice question\nwhich best describes the purpose of business analytics?\n○ vast amounts of data are collected, and understanding it requires statistical knowledge.\n○ profitability analysis\n○ business analytics is used to process and analyze data and information to support a story or narrative of a companys business.\n○ provide justification for a change in marketing strategy

Answer

Brief Explanations:

Business analytics focuses on processing and analyzing business data to create actionable insights that tell a coherent story about a company's operations, performance, and trends. The other options are either narrow use cases (profitability analysis, marketing strategy justification) or a requirement (statistical knowledge for data understanding) rather than the overarching purpose.

Answer:

Business analytics is used to process and analyze data and information to support a story or narrative of a company's business.