QUANTITATIVE ANALYSIS FOR BUSINESS 2026 CERTIFICATION EVALUATION EXAM QUESTIONS AND ANSWERS MASTER FILE

QUANTITATIVE ANALYSIS FOR BUSINESS
2026 CERTIFICATION EVALUATION EXAM
QUESTIONS AND ANSWERS MASTER FILE


◉ Qualitative Analysis. Answer: Analysis using subjective data.


◉ Response Variable. Answer: Another name for the dependent
variable.


◉ Explanatory Variable. Answer: Another name for the independent
variable.


◉ Negative Correlation. Answer: Correlation that occurs when one
variable increases and the other variable decreases.


◉ Positive Correlation. Answer: Correlation that occurs when one
variable increases and the other variable increases, too.


◉ Nonnumeric Data. Answer: Data of a form such as words, symbols,
or letters that are not used in calculations.

, ◉ Numerical Data. Answer: Data represented by numbers.


◉ Trendline. Answer: Line that shows the general direction of the
relationship of points over time.


◉ Objective Data. Answer: Measurable data oftain obtained through
observations or testing.


◉ Correlation. Answer: Measure of the strength of the linear
relationship between variables.


◉ Metric. Answer: Measurement used to gauge performance.


◉ Forecasting. Answer: Method or process used to make short range
decisions where the actual outcomes have not yet occurred.


◉ Subjective Data. Answer: Non-measurable data often obtained
through surveys or interviews.


◉ Descriptive Statistics. Answer: The analysis of data to describe,
interpret, and summarize data in a meaningful way to find patterns.