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The video provides a brief introduction to the concept of an indicator, explaining its basic definition and purpose.

What is the primary purpose of an indicator?

• To provide a visual representation of data

• To confuse the audience

• To measure and track performance or progress

• To serve as a decorative element

Which of the following is NOT a type of indicator?

• Coincident indicator

• Random indicator

• Lagging indicator

• Leading indicator

What is a leading indicator?

• An indicator that predicts future movements

• An indicator that follows the trend

• An indicator that is always accurate

• An indicator that is used for decoration

How can indicators be used in decision-making?

• By eliminating all uncertainties

• By complicating the decision process

• By offering insights into trends and patterns

• By providing irrelevant data

Why are indicators important in various fields?

• They are irrelevant in most scenarios

• They are only used in financial markets

• They are used to confuse competitors

• They provide a basis for making informed decisions