Business Analytics Exam | Verified Exam Questions and Answers | Latest Updated Study Material 2026

Business Analytics Exam | Verified Exam Questions and Answers | Latest
Updated Study Material 2026

Question:

Scope of Business Analytics
Answer:

Descriptive analytic

Question:

Predictive analytics
Prescriptive analytics
Descriptive analytic
Answer:

•Uses data to understand past and present

Question:

• Most common & easily understood, analyzes business performance: Which factory has lowest
productivity?
Predictive analytics
Answer:

• Analyzes past performance to predict the
future

Question:

• Detects hidden patterns & trends, bases on past results , what will happen if demand fails 10%?
Prescriptive analytics
Answer:

• Uses optimization techniques to
minimize or maximize some objective

Question:

• How much should be produced to maximize profit?
Data Reliability, Validity, & Decision Models

, Answer:

Reliability: data
is accurate and consistent

Question:

Validity: provides a possible correct measurement
Model: is an abstraction or representation of a real system, idea, or object.
Reliability:
Answer:

data is accurate and consistent

Question:

Validity:
Answer:

provides a possible correct measurement

Question:

• # of calls to a service desk is reliable, but not valid if used for determining customer
dissatisfaction
• Tire pressure gage that red below true value is not reliable, but provides a valid reading.
Model:
Answer:

is an abstraction or representation of a real system, idea,
or object.

Question:

• Captures the most important features
• Can be written or verbal description, a visual display, a mathematical formula, or a spreadsheet
representation.
Data for Business Analytics
Answer:

• Metrics: