BUSINESS ANALYTICS TEST BANK EXAM
QUESTIONS WITH 100% CORRECT
ANSWERS
Data Set - ANS-A simple collection of data or a data file
Database - ANS-A collection of data files that contain information on people, locations, and so on
Computer Clouds - ANS-Hardware and software used for data remote storage, retrieval, and
computational functions
Data Warehousing - ANS-A collection of databases used for reporting and data analysis
Big Data - ANS-Describes the collection of data sets that are so large and complex that software systems
are hardly able to process them
Little Data - ANS-Describes the smaller data segments or files that help individual business keep track of
customers
Analytics - ANS-A process that involves the use of statistical techniques, information system software,
and operations research methodologies to explore, visualize, discover and communicate patterns or
trends in data
Business Analytics - ANS-A process beginning with business-related data collection and consisting of
sequential application of descriptive, predictive, and prescriptive major analytic components, the
outcome of which supports and demonstrates business decision-making and organizational
performance
Descriptive - ANS-Purpose: To identify possible trends in large data sets or database. The purpose is to
get a rough picture of what generally the data looks like and what criteria might have potential for
identifying trends or future business behavior
Predictive - ANS-Purpose: To build predictive models designed to identify and predict future trends
Prescriptive - ANS-Purpose: To allocate resources optimally to take advantage of predictive trends or
future opportunities
QUESTIONS WITH 100% CORRECT
ANSWERS
Data Set - ANS-A simple collection of data or a data file
Database - ANS-A collection of data files that contain information on people, locations, and so on
Computer Clouds - ANS-Hardware and software used for data remote storage, retrieval, and
computational functions
Data Warehousing - ANS-A collection of databases used for reporting and data analysis
Big Data - ANS-Describes the collection of data sets that are so large and complex that software systems
are hardly able to process them
Little Data - ANS-Describes the smaller data segments or files that help individual business keep track of
customers
Analytics - ANS-A process that involves the use of statistical techniques, information system software,
and operations research methodologies to explore, visualize, discover and communicate patterns or
trends in data
Business Analytics - ANS-A process beginning with business-related data collection and consisting of
sequential application of descriptive, predictive, and prescriptive major analytic components, the
outcome of which supports and demonstrates business decision-making and organizational
performance
Descriptive - ANS-Purpose: To identify possible trends in large data sets or database. The purpose is to
get a rough picture of what generally the data looks like and what criteria might have potential for
identifying trends or future business behavior
Predictive - ANS-Purpose: To build predictive models designed to identify and predict future trends
Prescriptive - ANS-Purpose: To allocate resources optimally to take advantage of predictive trends or
future opportunities
