Which term is used to describe data that aids in decision-making and planning?

The term that best describes data that aids in decision-making and planning is "Metric." Metrics are quantitative values that help assess performance, progress, or success in achieving objectives. They provide a basis for comparing current performance against goals or benchmarks, allowing organizations to make informed decisions based on measurable outcomes.

Metrics serve as an essential tool for analysis, helping to identify areas needing improvement and facilitating strategic planning. For example, key performance indicators (KPIs) are specific types of metrics that organizations use to evaluate their success in achieving critical objectives. This clearly reinforces the role of metrics in guiding decision-making processes and planning activities effectively.

In contrast, indicators are often broader signals or symptoms that provide insights but may not be quantifiable in the same direct manner as metrics. Analysis typically refers to the process of evaluating data rather than the data itself. A status report usually summarizes current situations or conditions but doesn't specifically reflect the quantitative measurements that metrics embody. Hence, the choice of "Metric" aligns perfectly with the need for data that supports decision-making and planning.