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BUAL-5660 Exam 1 Questions and Answers

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BUAL-5660 Exam 1 Questions and Answers

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BUAL-5660 Exam 1 Questions and
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Inductive vs Deductive reasoning - Answer-1. data -> pattern -> insights/new relationship ->
discovery/theory

vs.

2. theory -> hypotheses -> observation -> confirmation



Data types - Answer--Relational Data (Tables/Transaction/Legacy Data)

-Text Data (Web)

-Semi-structured Data (XML) Ex: tweets

-Graph Data

-Social Network, Semantic Web (RDF),

-Video

-Streaming Data: you can only scan the data once

Observation: New sources of data are from outside the organization



Descriptive, Predictive, and Prescriptive - Answer-Types of analytics



Descriptive analytics - Answer-Questions:

, -What happened?

-What is happening?



Enablers:

-Business reporting

-Dashboards

-Scorecards

-Data warehousing



Outcomes:

-Well-defined business problems and opportunities



Predictive analytics - Answer-Questions:

-What will happen?

-Why will is happen?



Enablers:

-Data mining

-Forecasting

-Predictions using text analysis

-Web/media mining

-Market Basket Analysis



Outcomes:

-Accurate projections of future events and outcomes

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