MISY5370-Data Mining & Predictive
Analytics Midterm 2025/2026 Exam
Questions and Verified Answers |
Already Graded A+
Strategic Decision - 🧠 ANSWER ✔✔a decision that involves higher-level
issues and that is concerned with the overall direction of the organization,
defining the overarching goals and aspirations for the organization's future
Tactical decision - 🧠 ANSWER ✔✔a decision concerned with how the
organization should achieve the goals and objectives set by its strategy
Operational Decision - 🧠 ANSWER ✔✔a decision concerned with how the
organization is the run from day to day
Business Analytics - 🧠 ANSWER ✔✔the scientific process of transforming
data into insight for making better decisions
,descriptive analytics - 🧠 ANSWER ✔✔analytical tools that describe what
has happened
data query - 🧠 ANSWER ✔✔a request for information with certain
characteristics from a database
data dashboard - 🧠 ANSWER ✔✔a collection of tables, charts, and maps
to help management monitor selected aspects of the company's
performance
predictive analytics - 🧠 ANSWER ✔✔techniques that use models
constructed from past data to predict the future or to ascertain the impact of
one variable on another
data mining - 🧠 ANSWER ✔✔techniques used to find patterns or
relationships among elements of the data in a large database
simulation - 🧠 ANSWER ✔✔the use of probability and statistics to construct
a computer model to study the impact of uncertainty on the decision at
hand
Prescriptive analytics - 🧠 ANSWER ✔✔techniques that take input data and
yield a best course of action
, optimization model - 🧠 ANSWER ✔✔a mathematical model that gives the
best decision, subject to the simulation's constraints
simulation optimization - 🧠 ANSWER ✔✔the use of probability and
statistics to model uncertainty, coalyimbined with optimization techniques ,
to find good decisions in highly complex and highly uncertain settings
decision analysis - 🧠 ANSWER ✔✔a technique used to develop an optimal
strategy when a decision maker is faced with several decision alternatives
and an uncertain set of future events
utility theory - 🧠 ANSWER ✔✔the study of the total worth or relative
desirability of a particular outcome that reflects the decision maker's
attitude toward a collection of factors such as profit, loss, and risk
big data - 🧠 ANSWER ✔✔a set of data that cannot be managed,
processed, or analyzed with commonly available software in a reasonable
amount of time
advanced analytics - 🧠 ANSWER ✔✔predictive and prescriptive analytics
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Analytics Midterm 2025/2026 Exam
Questions and Verified Answers |
Already Graded A+
Strategic Decision - 🧠 ANSWER ✔✔a decision that involves higher-level
issues and that is concerned with the overall direction of the organization,
defining the overarching goals and aspirations for the organization's future
Tactical decision - 🧠 ANSWER ✔✔a decision concerned with how the
organization should achieve the goals and objectives set by its strategy
Operational Decision - 🧠 ANSWER ✔✔a decision concerned with how the
organization is the run from day to day
Business Analytics - 🧠 ANSWER ✔✔the scientific process of transforming
data into insight for making better decisions
,descriptive analytics - 🧠 ANSWER ✔✔analytical tools that describe what
has happened
data query - 🧠 ANSWER ✔✔a request for information with certain
characteristics from a database
data dashboard - 🧠 ANSWER ✔✔a collection of tables, charts, and maps
to help management monitor selected aspects of the company's
performance
predictive analytics - 🧠 ANSWER ✔✔techniques that use models
constructed from past data to predict the future or to ascertain the impact of
one variable on another
data mining - 🧠 ANSWER ✔✔techniques used to find patterns or
relationships among elements of the data in a large database
simulation - 🧠 ANSWER ✔✔the use of probability and statistics to construct
a computer model to study the impact of uncertainty on the decision at
hand
Prescriptive analytics - 🧠 ANSWER ✔✔techniques that take input data and
yield a best course of action
, optimization model - 🧠 ANSWER ✔✔a mathematical model that gives the
best decision, subject to the simulation's constraints
simulation optimization - 🧠 ANSWER ✔✔the use of probability and
statistics to model uncertainty, coalyimbined with optimization techniques ,
to find good decisions in highly complex and highly uncertain settings
decision analysis - 🧠 ANSWER ✔✔a technique used to develop an optimal
strategy when a decision maker is faced with several decision alternatives
and an uncertain set of future events
utility theory - 🧠 ANSWER ✔✔the study of the total worth or relative
desirability of a particular outcome that reflects the decision maker's
attitude toward a collection of factors such as profit, loss, and risk
big data - 🧠 ANSWER ✔✔a set of data that cannot be managed,
processed, or analyzed with commonly available software in a reasonable
amount of time
advanced analytics - 🧠 ANSWER ✔✔predictive and prescriptive analytics
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
