Prediction is a statement about what will happen or might happen in the future such as future sales or employee turnover.

Clustering assigns records to one of a predefined set of classes.

What is a data point?

Information granularity refers to the extent of detail within the information (fine and detailed or coarse and abstract).

Analysis paralysis occurs when the user goes into an emotional state of over-analyzing (or overthinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.

In terms of big data, what is volume?

A database maintains information on ___________.

What is fast data?

A data mart contains a subset of data warehouse information.

How would the retail industry use business intelligence?