TEST BANK For
BuSineSS AnalyticS 3rd Edition LateSt
VerSion 2025/2026 [A+] All ChapterS Fully
Covered
By JameS EvanS (Author)
,TABLE OF CONTENTS
Introduction To BuSineSS AnalyticS
Appendix A1: BaSic Excel ConceptS
DatabaSe AnalyticS
Data ViSualization
Appendix A3: Additional WindowS ToolS For Data ViSualization And Tableau Software
DeScriptive StatiSticS
Appendix A4: Additional Excel WindowS ChartS For DeScriptive StatiSticS
Probability DiStributionS And Data Modeling
Sampling And EStimation
StatiStical Inference
TrendlineS And RegreSSion AnalySiS
ForecaSting TechniqueS
Online Supplement: Advanced ForecaSting TechniqueS USing Xlminer
Introduction To Data Mining
SpreadSheet Modeling And AnalySiS
Monte Carlo Simulation And RiSk AnalySiS
Linear Optimization
Integer And Nonlinear Optimization
Optimization AnalyticS
DeciSion AnalySiS
,Chapter 1: Introduction To BuSineSS AnalyticS
3rd Edition
1) DeScriptive AnalyticS:
A) Can Predict RiSk And Find RelationShipS In Data Not Readily Apparent With Traditional
AnalySeS.
B) HelpS CompanieS ClaSSify Their CuStomerS Into SegmentS To Develop Specific Marketing
CampaignS.
C) HelpS Detect Hidden PatternS In Large QuantitieS Of Data To Group Data Into SetS To Predict
Behavior.
D) Can USe Mathematical TechniqueS With Optimization To Make DeciSionS That Take Into
Account The Uncertainty In The Data.
ANSWER; B DIFFERENCE;1
BloomS: Remember
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: IlluStrate ExampleS Of DeScriptive, Predictive, And PreScriptive AnalyticS.
2) A Manager At Gampco Inc. WiSheS To Know The Company'S Revenue And Profit In ItS PreviouS
Quarter. Which Of The Following BuSineSS AnalyticS Will Help The Manager?
A) PreScriptive AnalyticS
B) Normative AnalyticS
C) DeScriptive AnalyticS
D) Predictive AnalyticS ANSWER; C
DIFFERENCE;1
BloomS: Apply AACSB: Analytic SkillS
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: Explain The Difference Between DeScriptive, Predictive, And PreScriptive AnalyticS.
3) Predictive AnalyticS:
, A) SummarizeS Data Into Meaningful ChartS And ReportS That Can Be Standardized Or
CuStomized.
B) IdentifieS The BeSt AlternativeS To Minimize Or Maximize An Objective.
C) USeS Data To Determine A CourSe Of Action To Be Executed In A Given Situation.
D) DetectS PatternS In HiStorical Data And ExtrapolateS Them Forward In Time. ANSWER; D
DIFFERENCE;2
BloomS: Remember
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: IlluStrate ExampleS Of DeScriptive, Predictive, And PreScriptive AnalyticS.
1
4) A Trader Who WantS To Predict Short-Term MovementS In Stock PriceS IS Likely To USe
AnalyticS.
A) Predictive
B) DeScriptive
C) Normative
D) PreScriptive ANSWER; A DIFFERENCE;1
BloomS: Apply AACSB: Analytic SkillS
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: Explain The Difference Between DeScriptive, Predictive, And PreScriptive AnalyticS.
5) Which Of The Following QueStionS Will PreScriptive AnalyticS Help A Company AddreSS?
BuSineSS AnalyticS 3rd Edition LateSt
VerSion 2025/2026 [A+] All ChapterS Fully
Covered
By JameS EvanS (Author)
,TABLE OF CONTENTS
Introduction To BuSineSS AnalyticS
Appendix A1: BaSic Excel ConceptS
DatabaSe AnalyticS
Data ViSualization
Appendix A3: Additional WindowS ToolS For Data ViSualization And Tableau Software
DeScriptive StatiSticS
Appendix A4: Additional Excel WindowS ChartS For DeScriptive StatiSticS
Probability DiStributionS And Data Modeling
Sampling And EStimation
StatiStical Inference
TrendlineS And RegreSSion AnalySiS
ForecaSting TechniqueS
Online Supplement: Advanced ForecaSting TechniqueS USing Xlminer
Introduction To Data Mining
SpreadSheet Modeling And AnalySiS
Monte Carlo Simulation And RiSk AnalySiS
Linear Optimization
Integer And Nonlinear Optimization
Optimization AnalyticS
DeciSion AnalySiS
,Chapter 1: Introduction To BuSineSS AnalyticS
3rd Edition
1) DeScriptive AnalyticS:
A) Can Predict RiSk And Find RelationShipS In Data Not Readily Apparent With Traditional
AnalySeS.
B) HelpS CompanieS ClaSSify Their CuStomerS Into SegmentS To Develop Specific Marketing
CampaignS.
C) HelpS Detect Hidden PatternS In Large QuantitieS Of Data To Group Data Into SetS To Predict
Behavior.
D) Can USe Mathematical TechniqueS With Optimization To Make DeciSionS That Take Into
Account The Uncertainty In The Data.
ANSWER; B DIFFERENCE;1
BloomS: Remember
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: IlluStrate ExampleS Of DeScriptive, Predictive, And PreScriptive AnalyticS.
2) A Manager At Gampco Inc. WiSheS To Know The Company'S Revenue And Profit In ItS PreviouS
Quarter. Which Of The Following BuSineSS AnalyticS Will Help The Manager?
A) PreScriptive AnalyticS
B) Normative AnalyticS
C) DeScriptive AnalyticS
D) Predictive AnalyticS ANSWER; C
DIFFERENCE;1
BloomS: Apply AACSB: Analytic SkillS
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: Explain The Difference Between DeScriptive, Predictive, And PreScriptive AnalyticS.
3) Predictive AnalyticS:
, A) SummarizeS Data Into Meaningful ChartS And ReportS That Can Be Standardized Or
CuStomized.
B) IdentifieS The BeSt AlternativeS To Minimize Or Maximize An Objective.
C) USeS Data To Determine A CourSe Of Action To Be Executed In A Given Situation.
D) DetectS PatternS In HiStorical Data And ExtrapolateS Them Forward In Time. ANSWER; D
DIFFERENCE;2
BloomS: Remember
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: IlluStrate ExampleS Of DeScriptive, Predictive, And PreScriptive AnalyticS.
1
4) A Trader Who WantS To Predict Short-Term MovementS In Stock PriceS IS Likely To USe
AnalyticS.
A) Predictive
B) DeScriptive
C) Normative
D) PreScriptive ANSWER; A DIFFERENCE;1
BloomS: Apply AACSB: Analytic SkillS
Topic: DeScriptive, Predictive, And PreScriptive AnalyticS
LO1: Explain The Difference Between DeScriptive, Predictive, And PreScriptive AnalyticS.
5) Which Of The Following QueStionS Will PreScriptive AnalyticS Help A Company AddreSS?
