The ready availability of so much information catches some managers in this dilemma. 1. data overload 2. analysis paralysis 3. information paralysis 4. information overload 5. data paralysis

Analysis Paralysis

Explanation:

it happens as a result an inability to make a decision due to overthinking of the available alternatives, possibilities and data. This is one of the major causes for project delay, draining project planning sessions, the gathering of unnecessary data, and slow movement between production stages.

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.