MSIS 3223 - EXAM 1 (CHAPTERS 1-4)
QUESTIONS AND ANSWERS
Descriptive analytics helps detect hidden patterns in large quantities of data to group
data unto sets to predict behavior. - Correct Answers -False.
A manager at Academy wishes to know the company's revenue and profit in its previous
quarter. Predictive analytics is what the manager should use for this task. - Correct
Answers -False.
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs. - Correct Answers -True.
Analyzing the problem is the first phase in decision making. - Correct Answers -False.
A deterministic model is one in which all model input information is wither known or
assumed to be known with certainty. - Correct Answers -True.
The demand for professionals with analytics expertise has skyrocketed. - Correct
Answers -True.
T/F: Tableau has an edge over other Business Intelligence and Analytics tools as it lets
you work by connecting to various data sources, data warehouses, and files which exist
in the cloud, big data that exists in spreadsheets, and non-relational data, among other
types of data. - Correct Answers -True.
T/F: Having a user-friendly approach is the greatest strength of Tableau. - Correct
Answers -True.
T/F: With Tableau, one has the option of switching between different visualizations to
bring about a greater context, ways of drilling down data, and exploring the data at a
minute level. - Correct Answers -True.
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization. - Correct Answers -
True.
QUESTIONS AND ANSWERS
Descriptive analytics helps detect hidden patterns in large quantities of data to group
data unto sets to predict behavior. - Correct Answers -False.
A manager at Academy wishes to know the company's revenue and profit in its previous
quarter. Predictive analytics is what the manager should use for this task. - Correct
Answers -False.
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs. - Correct Answers -True.
Analyzing the problem is the first phase in decision making. - Correct Answers -False.
A deterministic model is one in which all model input information is wither known or
assumed to be known with certainty. - Correct Answers -True.
The demand for professionals with analytics expertise has skyrocketed. - Correct
Answers -True.
T/F: Tableau has an edge over other Business Intelligence and Analytics tools as it lets
you work by connecting to various data sources, data warehouses, and files which exist
in the cloud, big data that exists in spreadsheets, and non-relational data, among other
types of data. - Correct Answers -True.
T/F: Having a user-friendly approach is the greatest strength of Tableau. - Correct
Answers -True.
T/F: With Tableau, one has the option of switching between different visualizations to
bring about a greater context, ways of drilling down data, and exploring the data at a
minute level. - Correct Answers -True.
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization. - Correct Answers -
True.
