DATA ANALYTICS COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS VERIFIED SOLUTIONS.pdf

DATA ANALYTICS COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS VERIFIED
SOLUTIONS




Question:
Identify Questions.

Answer:
determine the answer or insight you're looking for, make a hypothesis, identify a target value.



Question:
Master the Data.

Answer:
understand the available data, extract, transform, load the data



Question:
Prepare a Model.

Answer:
identify a model or approach, perform the analysis



Question:
Address Results.

Answer:
compare the results with your hypothesis, refine your model



Question:
Communicate the Results.

Answer:

, draw a conclusion, gain understanding, summarize the results in plain language, use appropriate
visualizations



Question:
Track Outcomes.

Answer:
evaluate results, gather feedback, adjust as needed



Question:
Financial Statement Analysis.

Answer:
Investors, analysts, shareholders, partners, and managers identify trends, patterns, or relationships
between numbers reported on the financial statements.



Question:
Financial Statement Analysis (examples).

Answer:
What is the average selling price of an iPhone? Is the company able to service its debt? How has
working capital changed over the past three years?



Question:
Budget and Controlling.

Answer:
Managers evaluate performance and operations to determine whether to increase sales or cut costs
and evaluate whether their decisions have the expected impact on financial performance.



Question:
Budget and Controlling (examples).