A concise numerical representation derived from aggregating multiple individual data points belonging to a defined classification. For instance, determining the average revenue generated by a specific product line within a business constitutes such a computation. Another example includes calculating the total number of customer support tickets resolved within a given timeframe for a specific department.
This type of calculation provides a high-level overview, enabling efficient monitoring of trends and performance. It facilitates informed decision-making by highlighting key performance indicators (KPIs). Historically, such summaries were manually compiled, but modern computational tools have automated the process, improving accuracy and speed.
