DATA Analytics EXAM Questions and
Answers Verified Solutions Latest
Update
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).
Answer:
Which locations are using the most energy? How much training are we providing
employees?How are we performing on balanced scorecard benchmarks? Is our price
variance within an acceptable range?
Answers Verified Solutions Latest
Update
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).
Answer:
Which locations are using the most energy? How much training are we providing
employees?How are we performing on balanced scorecard benchmarks? Is our price
variance within an acceptable range?
