Business Analytics Exam | Verified Exam Questions and Answers | Latest
Updated Study Material 2026
Question:
Business Analytics (BA)
Answer:
-The use of data, information
technology, statistical
Question:
analysis, quantitative methods, and mathematical
or computer-based models to help managers gain
improved insight about their business operations
and make better, fact based decisions
-process of transforming data into actions
through analysis and insights in the context of
organizational decision making and problem solving
What are three parts of business analytics?
Answer:
1) Descriptive
Question:
2) Predictive
3) Prescriptive
Descriptive
Answer:
use data to analyze past and current business
performance; consolidate/ summarize data; "what were or what are"
Question:
Predictive
Answer:
Use historical data to predict future performance.
, Question:
Detect patterns and extrapolate forward in time; "what will"
Prescriptive
Answer:
Use data to make decisions among many
alternatives.
Question:
Optimization; "what should or what is best"
The chief financial officer for a small manufacturing firm would like to estimate the net profit
that the firm could expect over the next three years. Which analytics tools would most likely be
used for this scenario?
Answer:
Predictive
Question:
A human resource manager needs to understand whether the company's current employee mix
has the skills and capabilities needed to achieve the goals laid out by a new strategic plan. Which
analytics tools would most likely be used for this scenario?
Answer:
descriptive
Question:
A financial advisor would like to develop the best mix of stocks, bonds, and other investments
for a client to achieve a comfortable level of risk. Which analytics tools would most likely be
used for this scenario?
Answer:
prescriptive
Question:
A large service firm wishes to determine how to invest the cash received from its financial
product to achieve the best return. Which analytics tools would most likely be used for this
scenario?
Answer:
prescriptive
Updated Study Material 2026
Question:
Business Analytics (BA)
Answer:
-The use of data, information
technology, statistical
Question:
analysis, quantitative methods, and mathematical
or computer-based models to help managers gain
improved insight about their business operations
and make better, fact based decisions
-process of transforming data into actions
through analysis and insights in the context of
organizational decision making and problem solving
What are three parts of business analytics?
Answer:
1) Descriptive
Question:
2) Predictive
3) Prescriptive
Descriptive
Answer:
use data to analyze past and current business
performance; consolidate/ summarize data; "what were or what are"
Question:
Predictive
Answer:
Use historical data to predict future performance.
, Question:
Detect patterns and extrapolate forward in time; "what will"
Prescriptive
Answer:
Use data to make decisions among many
alternatives.
Question:
Optimization; "what should or what is best"
The chief financial officer for a small manufacturing firm would like to estimate the net profit
that the firm could expect over the next three years. Which analytics tools would most likely be
used for this scenario?
Answer:
Predictive
Question:
A human resource manager needs to understand whether the company's current employee mix
has the skills and capabilities needed to achieve the goals laid out by a new strategic plan. Which
analytics tools would most likely be used for this scenario?
Answer:
descriptive
Question:
A financial advisor would like to develop the best mix of stocks, bonds, and other investments
for a client to achieve a comfortable level of risk. Which analytics tools would most likely be
used for this scenario?
Answer:
prescriptive
Question:
A large service firm wishes to determine how to invest the cash received from its financial
product to achieve the best return. Which analytics tools would most likely be used for this
scenario?
Answer:
prescriptive
