1. In the context of data-driven decision-making, which of the following best describes the term 'Big Data'? A) Large volumes of unstructured data B) Data sets that are too large to be processed by traditional data processing applications C) Both A and B D) None of the above Answer: C) Both A and B Rationale: Big Data refers to data sets that are not only large but also complex, often including unstructured data that traditional data processing software cannot handle. 2. Which statistical method is most appropriate for predicting future sales based on historical data? A) Regression analysis B) Factor analysis