dataset

Vocabulary Word

Definition

The term 'dataset' refers to a collection of related data. Think of it as a big file cabinet where each drawer contains associated data.

Examples in Different Contexts

In business analytics, a 'dataset' might contain sales figures, customer demographics, and product performance. An analyst might say, 'I've examined the dataset to identify emerging market trends.'

Practice Scenarios

Business

Scenario:

Our competitive analysis needs revision. We need more reliable information on current market trends.

Response:

Perhaps we could pull together a dataset covering the past five years of market trends.

Scenario:

For our AI program to work efficiently, we need accurate data to train it to recognize patterns and make decisions.

Response:

Right, let's enrich our dataset with more real-life examples to aid our AI's decision-making ability.