To increase the speed at which google analytics compiles reports, what action could be taken?

Answer Choose “Faster response” in the sampling pull-down menu

Explanation:

At the top of the report, below the date range selector, select faster response,

This option uses a smaller sampling size to give you faster results. In order to get a better understanding lets define sampling, according to Google analytics website  

In data analysis, sampling is the practice of analyzing a subset of all data in order to uncover the meaningful information in the larger data set.  

For example, if you wanted to estimate the number of trees in a 100-acre area where the distribution of trees was fairly uniform, you could count the number of trees in 1 acre and multiply by 100, or count the trees in a half acre and multiply by 200 to get an accurate representation of the entire 100 acres.