Explain the roles and importance of data collection and
forecasting in monetary policy.
Why is accuracy in forecasting so important?
Evaluate the appropriateness of the current monetary policy and
explain how policy has impacted economic conditions.
Explain the value of data and information
Data and information as assets
Importance of investing in security Relationship of data to
creating information Intellectual property
Trademarks Copyright Patents
Digital products
Data-driven business decisions
Data capture and collection Data correlation Meaningful
reporting
Explain the below:
Techniques of data collection, Examples of issues with data
collection, Overview of some topics in data management and Overview
of defining metrics
QUESTION
a. Explain the importance of data mining tools and the types of
information they produce. In what type of circumstance would you
advise a company to use data mining?
b. Describe the use of personalization and customization in
e-commerce. What business value do these techniques have?
Discuss the importance of data collection in terms of patient
navigation services. Please give at least 3 reasons why data is key
when having a quality navigation program and/or services.