(Answered) 2024
01-001 - Definition of Data
facts, observations, numbers, measurements, videos, pics
01-002 - Definition of Analytics
science of logical analysis, science of data
01-003 - Definition of Analysis
collection, transformation, organization, conclusions, predictions, decision-making
01-004 - Steps in Data Analysis Process
ask, prepare, process, analyze, share, act
01-005 - One way to think of analysis is that it turns data into _____.
insights
01-006 - List 5 ways to use data
(IP, IOT, LNP, SC, MD)
improve processes, identify opportunities and trends, launch new products, serve
customers, make decisions
01-007 - Definition of Business Analytics (UMS,DMFD,MD)
use of math and statistics to derive meaning from data to make better decisions
01-008 - What are the 3 types of business analytics?
descriptive, predictive, prescriptive
01-009 - Which type of business analytics interprets historical data to identify
trends and patterns?
descriptive
01-010 - Which type of business analytics centers on taking information on trends
and patterns to forecast future outcomes?
predictive
01-011 - Which type of business analytics uses testing and other techniques to
determine which outcome will yield the best result for a given scenario?
prescriptive
01-012 - Definition of People Analytics
improve workplace and business processes
01-013 - Definition of Regression Analysis
a statistical method used to examine relationships between variables
01-014 - Definition of Root-Mean-Square Error
difference between predicted and observed values
01-015 - What are the 3 disciplines of Data Science?
machine learning/AI, statistics, analytics
01-016 - What is the excellence of a machine learning/AI engineer?
performance
01-017 - What is the excellence of a statistician?
rigor
01-018 - What is the excellence of an analyst?
speed in discovering gems of insight
01-019 - Analysts thrive on creative and ___-____ projects.
, open-ended
01-020 - Analysts enjoy the fun and thrill of ____.
exploration
01-021 - What does a Data Scientist do? (NWMUURD)
create new ways of modeling and understanding the unknown by using raw data
01-022 - What are 3 reasons you analyze data? (PRT)
find patterns, relationships, trends
01-023 - A critical question to ask up-front is, "How do I define ____ for this
project?
success
01-024 - Definition of a Data Set
a collection of data that can be manipulated or analyzed as one unit
01-025 - Definition of a Data Ecosystem
a group of elements that interact to create an environment in which to produce, store,
manage, organize, analyze, and share information
01-026 - Definition Data-Driven Decision-Making
using facts to guide business strategy
01-027 - What are the 2 steps in Data-Driven Decision-Making?
define a problem and analyze it
01-028 - What does the phrase, Data Analysis Life Cycle describe?
the process of going from data to decision
01-029 - A clothing retailer collects and stores data about its sales revenue.
Which of the following would be part of its data ecosystem? Select all that apply.
a. Inventory records
b. Sales database
c. Database of competing retailers
d. The cloud that stores its database
Inventory records, Sales database, the cloud that stores its database
01-030 - In data analytics, how is data described?
a. An aggregate of intelligence
b. A series of calculations and statistics
c. A technical business process
d. A collection of facts
a collection of facts
01-031 - What is the process of guiding business strategy using facts?
a. Strategic improvement
b. Identification of data and decisions
c. Analytical strategy
d. Data-driven decision-making
Data-driven decision-making
01-032 - Gap analysis is a process that could help accomplish which of the
following tasks? Select all that apply.
a. Increase the efficiency of a mfg based on current assembly process