BCOR 2205 Quiz 1 well answered to
pass A+ graded
recommendation engine - correct answer ✔✔a data-mining algorithm that analyzes a
customer's purchases and actions on a website and then uses the data to recommend
complementary products
Classification - correct answer ✔✔assigns records to one of a predefined set of classes
Estimation - correct answer ✔✔determines values for an unknown continuous variable
behavior or estimated future value
affinity grouping - correct answer ✔✔determines which things go together
Clustering - correct answer ✔✔segments a heterogeneous population of records into a number
of more homogeneous subgroups
optimization model - correct answer ✔✔A statistical process that finds the way to make a
design, system, or decision as effective as possible
forecasting model - correct answer ✔✔predictions based on time-series information, allowing
users to manipulate the time series for forecasting activities
regression model - correct answer ✔✔a statistical process for estimating the relationships
among variables
, structured data - correct answer ✔✔data that can be stored in a traditional system such as a
spreadsheet/ database
Unstructed data - correct answer ✔✔Not defined and does not follow a specified format
data warehouse - correct answer ✔✔collections of data from different info systems-
transforming data into a consistent format
Data - correct answer ✔✔Raw facts that describe the characteristics of an event/ object
Data examples: - correct answer ✔✔order date, amount sold, customer number, quantity
ordered
Information - correct answer ✔✔Data converted into a meaningful and useful context
Information examples: - correct answer ✔✔best-selling product, best customer, worst-selling
product, worst customer
Business Intelligence - correct answer ✔✔information collected from multiple sources that
analyzes patterns, trends, and relationships for strategic decision making
Business Intelligence examples - correct answer ✔✔lowest sales per week compared with the
economic interest rates, best-selling product by month compared to sports season and city
team wins and losses
Knowledge - correct answer ✔✔skills, experience, and expertise coupled with information and
intelligence that create a person's intellectual resources
pass A+ graded
recommendation engine - correct answer ✔✔a data-mining algorithm that analyzes a
customer's purchases and actions on a website and then uses the data to recommend
complementary products
Classification - correct answer ✔✔assigns records to one of a predefined set of classes
Estimation - correct answer ✔✔determines values for an unknown continuous variable
behavior or estimated future value
affinity grouping - correct answer ✔✔determines which things go together
Clustering - correct answer ✔✔segments a heterogeneous population of records into a number
of more homogeneous subgroups
optimization model - correct answer ✔✔A statistical process that finds the way to make a
design, system, or decision as effective as possible
forecasting model - correct answer ✔✔predictions based on time-series information, allowing
users to manipulate the time series for forecasting activities
regression model - correct answer ✔✔a statistical process for estimating the relationships
among variables
, structured data - correct answer ✔✔data that can be stored in a traditional system such as a
spreadsheet/ database
Unstructed data - correct answer ✔✔Not defined and does not follow a specified format
data warehouse - correct answer ✔✔collections of data from different info systems-
transforming data into a consistent format
Data - correct answer ✔✔Raw facts that describe the characteristics of an event/ object
Data examples: - correct answer ✔✔order date, amount sold, customer number, quantity
ordered
Information - correct answer ✔✔Data converted into a meaningful and useful context
Information examples: - correct answer ✔✔best-selling product, best customer, worst-selling
product, worst customer
Business Intelligence - correct answer ✔✔information collected from multiple sources that
analyzes patterns, trends, and relationships for strategic decision making
Business Intelligence examples - correct answer ✔✔lowest sales per week compared with the
economic interest rates, best-selling product by month compared to sports season and city
team wins and losses
Knowledge - correct answer ✔✔skills, experience, and expertise coupled with information and
intelligence that create a person's intellectual resources
