Introduction to Business Analytics Questions and Answers Latest Version 100% Pass

Introduction to Business Analytics Questions and Answers Latest Version 100% Pass Which of the following best describes predictive analytics? a) Summarizing past data b) Recommending optimal actions c) Forecasting future trends d) Managing data warehouses What is a key component of descriptive analytics? a) Predictive modeling b) Prescriptive decision-making c) Data summarization and visualization d) Advanced machine learning Why is data visualization important in analytics? a) It automates data processing b) It helps present data insights clearly 2 c) It ensures data security d) It collects raw data Which of the following is an example of unstructured data? a) Financial transactions b) Sales records c) Social media posts d) Product inventory What is the goal of prescriptive analytics? a) Identifying trends in data b) Cleaning and organizing data c) Recommending the best course of action d) Collecting raw data How does business analytics provide value to organizations? a) By reducing the need for technology b) By driving data-informed decisions 3 c) By eliminating human error d) By replacing manual processes What does the term "big data" refer to? a) Data stored in small systems b) Large, complex datasets that require advanced tools to process c) A type of database software d) Summarized reports Which analytics technique identifies patterns and relationships within data? a) Data mining b) Data reporting c) Data integration d) Data storage What is the role of a data warehouse in business analytics? a) Analyzing data in real time b) Cleaning and transforming data 4 c) Storing large volumes of data for analysis d) Securing sensitive information What is one advantage of using cloud computing for business analytics? a) Increased hardware costs b) Limited scalability c) Accessibility from anywhere d) Restricted data storage