Answered

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Discussion Topic
Data plays a crucial role in decision-making because it can reveal relationships between
different quantities. We often use linear equations to model these relationships and make
predictions about the data.
Think about a situation when you needed to analyze data. What types of trends did you
find in the data? How did noticing the trends help you make a decision related to the
situation?

Sagot :

Data can be analysed in a situation when one wants to know how increase in price has an effect on purchasing power.

What is a trend?

It should be noted that a trend simply means the general direction or price over a period of time. A situation when I need data was when I wanted to know how increase in prices had an effect in one's purchasing power.

To get the data, I had to take the prices of goods when there was no inflation and prices when there was inflation and how they had an impact on income.

It showed that an inverse relationship existed as an increase in prices had a negative impact on one's purchasing ability.

Learn more about data on:

https://brainly.com/question/19243813

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