UCF QMB3200 UPDATED Exam Questions and CORRECT Answers
Analytics - the scientific process of transforming data into insight for making better decisions Descriptive Analytics - Analytical techniques that describe what has happened in the past. Predictive Analytics - Analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another. Prescriptive Analytics - Analytical techniques that yield a course of action. Big Data - A set of data that cannot be managed, processed, or analyzed with commonly available software in a reasonable amount of time. Big Data are characterized by 4 v's: volume, velocity, variety, and veracity
Document information
- Uploaded on
- May 28, 2024
- Number of pages
- 10
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers