Certified Supply Chain Professional (CSCP) Practice Exam

Which type of data reflects changes over time and is subject to fluctuation?

1. Static data

2. Dynamic data

3. Historical data

4. Reference data

The correct answer is: Dynamic data

Dynamic data reflects changes over time and is subject to fluctuation, making it essential for applications where real-time updates are necessary. This type of data constantly evolves as new information becomes available, such as stock prices, website traffic, or sensor readings. In contrast, static data remains unchanged once it is created or captured; it may become outdated but is not inherently variable over time. Historical data refers to records of past events and is usually fixed; it does not change with new occurrences but can be analyzed for trends. Reference data is a stable set of values used for objects like categories or codes, serving as a point of reference during data analysis but does not change frequently either. The nature of dynamic data allows organizations to make informed decisions based on the most current information available, capturing the essence of variability and the necessity for real-time monitoring in various domains.