BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Discrete
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Metrics
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Measures
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Discrete metrics
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Detailed explanation-1: -Standard Metrics are Metrics that only store and display 1 Metric Value for each Date Range. Examples of Standard Metrics are “Sessions, ” “Clicks, ” and “Likes."
Detailed explanation-2: -What is process standardization? Process standardization refers to the organization of different tasks, approaches, and administrative steps in a business, as well as their formalization and documentation. A process consists of input, transformation steps, and output (delivery).
Detailed explanation-3: -In statistics, standardization is the process of putting different variables on the same scale. This process allows you to compare scores between different types of variables. Typically, to standardize variables, you calculate the mean and standard deviation for a variable.
Detailed explanation-4: -Standardization can be applied to any process or procedure or task that is important for the business. Payroll processing, invoice processing, answering phone calls, gathering client information, etc. are some standardization examples. Each operation comes with its own approved standards.