Business Analytics Exam 1 With Correctly Updated Questions And Answers 2024

Business Analytics Exam 1 With Correctly
Updated Questions And Answers 2024


Which .of .the .following .is .the .definition .of .decision .making .you .learned .from .this .class?

A) .It .is .to .maximize .profit. .
B) .It .is .to .choose .among .alternative .courses .of .action .to .improve .organization
.performance.

C) .It .is .to .provide .leadership .for .an .organization.
D) .It .is .to .minimize .costs. .
E) .It .is .to .make .successful .business .plans. .- .correct .answer.B) .It .is .to .choose .among
.alternative .courses .of .action .to .improve .organization .performance.




What .is .the .sequence .of .the .decision .making .process? .- .correct .answer.1. .Define .a
.decision .making .situation

2. .Determine .the .criteria .used .to .evaluate .alternative .solutions
3. .Identify .alternative .solutions
4. .Evaluate .each .alternative .using .the .chosen .criteria .
5. .Choose .one .alternative

What .are .4 .characteristics .of .a .business .analytics .approach .to .decision .making? .- .correct
.answer.1. .fact-based

2. .data-driven .
3. .scientific
4. .computer-assisted

What .type .of .analytics .asks ."What .should .happen?" .- .correct .answer.Prescriptive
.Analytics




What .type .of .analytics .asks ."What .could .happen?" .- .correct .answer.Predictive .Analytics

What .type .of .analytics .asks ."What .has .happened?" .- .correct .answer.Descriptive
.Analytics




Descriptive .analytics .techniques .include .the .following .EXCEPT:

A) .What-If .analysis .
B) .Data-mining

, C) .Simulations .
D) .Data .queries .
E) .Reports .- .correct .answer.C) .Simulations

What .does .SQL .stand .for? .- .correct .answer.Structured .Query .Language

Which .3 .of .the .following .are .characteristics .of .big .data? .

A) .Validity .
B) .Valence .
C) .Volume .
D) .Variety .
E) .Vitality .
F) .Veracity .- .correct .answer.C) .Volume
D) .Variety
F) .Veracity

Which .1 .of .the .following .is .a .predictive .analytics .software .tool?

A) .IBM .SPSS .Modeler .
B) .Oracle .
C) .Regression .tree .
D) .Simulation .
E) .Time-Series .forecasting .- .correct .answer.A) .IBM .SPSS .Modeler

Which .1 .of .the .following .is .a .prescriptive .analytics .technique?

.A) .Cluster .analysis .
.B) .Decison .rules .

.C) .Linear .regression .

.D) .What-If .analysis .

.E) .Simulation .- .correct .answer.B) .Decison .rules




We .discussed .many .business .analytics .applications .in .various .business .domain .in .this
.class. .Which .2 .of .the .following .is .explicitly .cited .as .an .illustrative .example?




A) .Artificial .intelligence .
B) .Accounting .
C) .Health .care .
D) .Statistics .
E) .Sports .- .correct .answer.C) .Health .care
E) .Sports

Business .Analytics .tools .are .essentially ._____. .- .correct .answer.software

Which .3 .of .the .following .Business .Analytics .functionalities .will .be .covered .in .this .class? .