as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the term 'evidence-based decision-making'.
user
evidence-based decision-making is a process in which decisions are made based on factual information and evidence, rather than on intuition, opinion, or guesswork. it involves gathering, analyzing, and interpreting all relevant data and information before making an informed decision. this method helps ensure that decisions are based on reliable sources of information and that they lead to more successful outcomes. by taking the time to gather research and evaluate evidence, decision-makers can make decisions that are more informed, improving the likelihood of success.
assistant