MISY5370-Data Mining & Predictive Analytics Midterm
EXAM, Complete Test || Questions and Answers
(Verified Answers) (Latest Update 2026) UPDATE!!
Strategic Decision ......ANSWER......a decision that involves higher-level
issues and that is concerned with the overall direction of the
organization, defining the overarching goals and aspirations for the
organization's future
Tactical decision ......ANSWER......a decision concerned with how the
organization should achieve the goals and objectives set by its strategy
Operational Decision ......ANSWER......a decision concerned with how
the organization is the run from day to day
Business Analytics ......ANSWER......the scientific process of transforming
data into insight for making better decisions
descriptive analytics ......ANSWER......analytical tools that describe what
has happened
data query ......ANSWER......a request for information with certain
characteristics from a database
pg. 1
, data dashboard ......ANSWER......a collection of tables, charts, and maps
to help management monitor selected aspects of the company's
performance
predictive analytics ......ANSWER......techniques that use models
constructed from past data to predict the future or to ascertain the
impact of one variable on another
data mining ......ANSWER......techniques used to find patterns or
relationships among elements of the data in a large database
simulation ......ANSWER......the use of probability and statistics to
construct a computer model to study the impact of uncertainty on the
decision at hand
Prescriptive analytics ......ANSWER......techniques that take input data
and yield a best course of action
optimization model ......ANSWER......a mathematical model that gives
the best decision, subject to the simulation's constraints
simulation optimization ......ANSWER......the use of probability and
statistics to model uncertainty, coalyimbined with optimization
techniques , to find good decisions in highly complex and highly
uncertain settings
pg. 2
EXAM, Complete Test || Questions and Answers
(Verified Answers) (Latest Update 2026) UPDATE!!
Strategic Decision ......ANSWER......a decision that involves higher-level
issues and that is concerned with the overall direction of the
organization, defining the overarching goals and aspirations for the
organization's future
Tactical decision ......ANSWER......a decision concerned with how the
organization should achieve the goals and objectives set by its strategy
Operational Decision ......ANSWER......a decision concerned with how
the organization is the run from day to day
Business Analytics ......ANSWER......the scientific process of transforming
data into insight for making better decisions
descriptive analytics ......ANSWER......analytical tools that describe what
has happened
data query ......ANSWER......a request for information with certain
characteristics from a database
pg. 1
, data dashboard ......ANSWER......a collection of tables, charts, and maps
to help management monitor selected aspects of the company's
performance
predictive analytics ......ANSWER......techniques that use models
constructed from past data to predict the future or to ascertain the
impact of one variable on another
data mining ......ANSWER......techniques used to find patterns or
relationships among elements of the data in a large database
simulation ......ANSWER......the use of probability and statistics to
construct a computer model to study the impact of uncertainty on the
decision at hand
Prescriptive analytics ......ANSWER......techniques that take input data
and yield a best course of action
optimization model ......ANSWER......a mathematical model that gives
the best decision, subject to the simulation's constraints
simulation optimization ......ANSWER......the use of probability and
statistics to model uncertainty, coalyimbined with optimization
techniques , to find good decisions in highly complex and highly
uncertain settings
pg. 2
