MISY 5360 EXAM ONE QUESTIONS AND ANSWERS ALREADY PASSED
analytics - Answers The science of analysis.
analytics ecosystem - Answers A classification of sectors, technology/
solution providers, and industry participants for
analytics.
Big data analytics - Answers Application of analytics methods and
tools to Big Data.
Business Intelligence (BI) - Answers A conceptual framework for
managerial decision support. It combines architecture, databases (or data warehouses),
analytical tools, and applications.
dashboard - Answers A visual presentation of critical data for executives
to view. It allows executives to see hot spots in seconds
and explore the situation.
data mining - Answers A process that uses statistical, mathematical, artificial intelligence, and
machine-learning techniques to extract and identify useful information and subsequent
knowledge from large databases.
decision or normative analytics - Answers Also called prescriptive analytics, is a type of
analytics modeling that aims at identifying the best possible decision from a large set of
alternatives.
descriptive (or reporting) analytics - Answers An earlier phase in analytics continuum that deals
with describing the data—answering the question of what happened and why did it happen.
intelligent agents - Answers An expert or knowledge-based system embedded in computer-
based information systems (or their components) to make them smarter.
online analytical processing (OLAP) - Answers An information system that enables the user,
while at a PC, to query the system, conduct an analysis, and so on. The result is generated in
seconds.
online transaction processing (OLTP) - Answers Transaction system that is primarily
responsible for capturing and storing data related to day-to-day business functions.
predictive analytics - Answers A business analytical approach toward forecasting (e.g., demand,
problems, opportunities) that is used instead of simply reporting data as they occur
, prescriptive analytics - Answers A branch of business analytics that deals with finding the best
possible solution alternative for a given problem.
Web services - Answers An architecture that enables assembly of distributed
applications from software services and ties them together.
analytics ready - Answers A state of preparedness for analytics projects, especially as it relates
to data acquisition and
preparedness.
arithmetic mean - Answers A descriptive statistics measure—a simple average of a given
sample of numeric data points.
Box Plots / Box and Whisker - Answers A descriptive statistics tool that shows both central
tendency and dispersion (quartiles) of a given sample of
numeric data points in a graphical illustration.
bubble chart - Answers shows relationships among three values by using bubbles
business report - Answers Any communication artifact prepared with the specific intention of
conveying information in a digestible form to whoever needs it, whenever and wherever they
may need it.
categorical data - Answers Data that represent the labels of multiple classes used to divide a
variable into specific groups.
centrality - Answers A group of metrics that aims to quantify the importance or influence (in a
variety of senses) of a particular node (or group) within a network.
correlation - Answers A statistical measure that indicates the extent to which two or more
variables change/fluctuate together.
dashboards - Answers A visual presentation of critical data for executives to view. It allows
executives to see hot spots in seconds
and explore the situation.
data preprocessing - Answers A tedious process of converting raw data into an analytic ready
state.
data quality - Answers The holistic quality of data, including their accuracy, precision,
completeness, and relevance.
data security - Answers A set of protective measures taken to prevent unauthorized access to
analytics - Answers The science of analysis.
analytics ecosystem - Answers A classification of sectors, technology/
solution providers, and industry participants for
analytics.
Big data analytics - Answers Application of analytics methods and
tools to Big Data.
Business Intelligence (BI) - Answers A conceptual framework for
managerial decision support. It combines architecture, databases (or data warehouses),
analytical tools, and applications.
dashboard - Answers A visual presentation of critical data for executives
to view. It allows executives to see hot spots in seconds
and explore the situation.
data mining - Answers A process that uses statistical, mathematical, artificial intelligence, and
machine-learning techniques to extract and identify useful information and subsequent
knowledge from large databases.
decision or normative analytics - Answers Also called prescriptive analytics, is a type of
analytics modeling that aims at identifying the best possible decision from a large set of
alternatives.
descriptive (or reporting) analytics - Answers An earlier phase in analytics continuum that deals
with describing the data—answering the question of what happened and why did it happen.
intelligent agents - Answers An expert or knowledge-based system embedded in computer-
based information systems (or their components) to make them smarter.
online analytical processing (OLAP) - Answers An information system that enables the user,
while at a PC, to query the system, conduct an analysis, and so on. The result is generated in
seconds.
online transaction processing (OLTP) - Answers Transaction system that is primarily
responsible for capturing and storing data related to day-to-day business functions.
predictive analytics - Answers A business analytical approach toward forecasting (e.g., demand,
problems, opportunities) that is used instead of simply reporting data as they occur
, prescriptive analytics - Answers A branch of business analytics that deals with finding the best
possible solution alternative for a given problem.
Web services - Answers An architecture that enables assembly of distributed
applications from software services and ties them together.
analytics ready - Answers A state of preparedness for analytics projects, especially as it relates
to data acquisition and
preparedness.
arithmetic mean - Answers A descriptive statistics measure—a simple average of a given
sample of numeric data points.
Box Plots / Box and Whisker - Answers A descriptive statistics tool that shows both central
tendency and dispersion (quartiles) of a given sample of
numeric data points in a graphical illustration.
bubble chart - Answers shows relationships among three values by using bubbles
business report - Answers Any communication artifact prepared with the specific intention of
conveying information in a digestible form to whoever needs it, whenever and wherever they
may need it.
categorical data - Answers Data that represent the labels of multiple classes used to divide a
variable into specific groups.
centrality - Answers A group of metrics that aims to quantify the importance or influence (in a
variety of senses) of a particular node (or group) within a network.
correlation - Answers A statistical measure that indicates the extent to which two or more
variables change/fluctuate together.
dashboards - Answers A visual presentation of critical data for executives to view. It allows
executives to see hot spots in seconds
and explore the situation.
data preprocessing - Answers A tedious process of converting raw data into an analytic ready
state.
data quality - Answers The holistic quality of data, including their accuracy, precision,
completeness, and relevance.
data security - Answers A set of protective measures taken to prevent unauthorized access to
