Which of the following is a leading indicator?

Prepare for the UCF GEB4522 Data Driven Decision Making Final Exam. Use flashcards and multiple choice questions to study. Familiarize yourself with key concepts and methodologies to excel on the test!

Leading indicators are metrics that provide insight into future performance and trends, often serving as early indicators of potential changes in outcomes. The correct response indicates that all the choices listed—raw numbers, progress, and change—can serve as leading indicators in various contexts.

Raw numbers can show the initial volume of activity in a particular area, giving early suggestions of future results. For instance, a spike in the number of product inquiries might indicate an upward trend in sales.

Progress refers to the advancement made towards a goal, often measured against a timeline. Tracking progress allows organizations to foresee potential outcomes before they materialize, enabling proactive adjustments. If progress is lagging, it can indicate the need for intervention to achieve desired results.

Change reflects the dynamics within a system over time, providing context for how variables evolve. By analyzing changes, organizations can identify emerging trends early on, facilitating anticipatory actions rather than reactive ones.

Thus, all of these elements—raw numbers, progress, and change—can be used to signal potential future developments, making the answer inclusive. This comprehensive understanding of leading indicators assists in making data-driven decisions in a variety of scenarios.

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