ACTUAL Exam Questions and CORRECT
Answers
turning information into insight and developing conclusive fact-based strategies to gain a
competitive edge - CORRECT ANSWER Analytics
- extensive use of data, statistical, and quantitative analysis and fact-based decisions
- stats or study of data analysis
- management science or study of modal building, optimization, and decision making -
CORRECT ANSWER Analytics ecompasses
encompasses the set of techniques that describes what has happened in the past - CORRECT
ANSWER Descriptive/ Diagnostic Analystics
graphical anaylsis, discovery of patterns - CORRECT ANSWER Descriptive Analytics
includes
histograms, run chart, scatter diagrams, pareto chart - CORRECT ANSWER Graphical
Analysis
sums, averages, percentages - CORRECT ANSWER Discovery of Patters
techniques that use models constructed from past data to predict the future or ascertain the
impact of one variable oon another - CORRECT ANSWER Predictive Analytics
models or the use of simulation - CORRECT ANSWER Predictive Analytics tools
time analysis (trend), regressions, statistical quality control - CORRECT ANSWER Models