1. Three developments spurred explosive growth in the use of analytical methods in business applications. They are:

• Technique advances, improved hiring practices, decreased computer prices
• Technological advances, methodological advances, decreased computer prices
• Technological advances, methodological advances, explosion in computing power and storage capability.
• Theoretical advances, improved hiring practices, increased computer prices

2. Business analytics is defined as:

• Scientific process of transforming data into insights for making better decisions
• Systematic process of transforming data into insights for making better decisions
• Semi-structured process of transforming data into insights for making better decisions
• Semantic process of transcribing data into insights for making better decisions