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BUS 101- Test Outline Exam questions with correct answers 2026/2027 Edition Graded A+ Analytics The process of discovering, interpreting, and communicating data to support decision-making Why use analytics? To make better decisions What are the fo

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BUS 101- Test Outline Exam questions with correct answers 2026/2027 Edition Graded A+ Analytics The process of discovering, interpreting, and communicating data to support decision-making Why use analytics? To make better decisions What are the four types of analytics in order? 1. Descriptive (what happened?) 2. Diagnostic (why did it happen?) 3. Predictive (what will happen?) 4. Prescriptive (what should w

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BUS 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS

, BUS 101- Test Outline Exam questions
with correct answers 2026/2027 Edition
Graded A+

Analytics
The process of discovering, interpreting, and communicating data to
support decision-making
Why use analytics?
To make better decisions
What are the four types of analytics in order?
1. Descriptive (what happened?)
2. Diagnostic (why did it happen?)
3. Predictive (what will happen?)
4. Prescriptive (what should we do?)
Descriptive Analytics
Analysis of historical data
Helps identify patterns or trends that can support decision-making
Understanding what happened
Diagnostic Analytics
Asks why something happened
Predictive Analytics
Methods to understand what will happen in the future through
forecasting methods, statistical analysis, or modelling

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