Business Analytics Exam 2026 Questions
and Answers
Business Analytics (BA) - Correct answer--The use of data, information
technology, statistical
analysis, quantitative methods, and mathematical
or computer-based models to help managers gain
improved insight about their business operations
and make better, fact based decisions
-process of transforming data into actions
through analysis and insights in the context of
organizational decision making and problem solving
What are three parts of business analytics? - Correct answer-1) Descriptive
2) Predictive
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, 3) Prescriptive
Descriptive - Correct answer-use data to analyze past and current business
performance; consolidate/ summarize data; "what were or what are"
Predictive - Correct answer-Use historical data to predict future performance.
Detect patterns and extrapolate forward in time; "what will"
Prescriptive - Correct answer-Use data to make decisions among many
alternatives.
Optimization; "what should or what is best"
The chief financial officer for a small manufacturing firm would like to estimate
the net profit that the firm could expect over the next three years. Which analytics
tools would most likely be used for this scenario? - Correct answer-Predictive
A human resource manager needs to understand whether the company's current
employee mix has the skills and capabilities needed to achieve the goals laid out by
a new strategic plan. Which analytics tools would most likely be used for this
scenario? - Correct answer-descriptive
A financial advisor would like to develop the best mix of stocks, bonds, and other
investments for a client to achieve a comfortable level of risk. Which analytics
tools would most likely be used for this scenario? - Correct answer-prescriptive
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and Answers
Business Analytics (BA) - Correct answer--The use of data, information
technology, statistical
analysis, quantitative methods, and mathematical
or computer-based models to help managers gain
improved insight about their business operations
and make better, fact based decisions
-process of transforming data into actions
through analysis and insights in the context of
organizational decision making and problem solving
What are three parts of business analytics? - Correct answer-1) Descriptive
2) Predictive
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, 3) Prescriptive
Descriptive - Correct answer-use data to analyze past and current business
performance; consolidate/ summarize data; "what were or what are"
Predictive - Correct answer-Use historical data to predict future performance.
Detect patterns and extrapolate forward in time; "what will"
Prescriptive - Correct answer-Use data to make decisions among many
alternatives.
Optimization; "what should or what is best"
The chief financial officer for a small manufacturing firm would like to estimate
the net profit that the firm could expect over the next three years. Which analytics
tools would most likely be used for this scenario? - Correct answer-Predictive
A human resource manager needs to understand whether the company's current
employee mix has the skills and capabilities needed to achieve the goals laid out by
a new strategic plan. Which analytics tools would most likely be used for this
scenario? - Correct answer-descriptive
A financial advisor would like to develop the best mix of stocks, bonds, and other
investments for a client to achieve a comfortable level of risk. Which analytics
tools would most likely be used for this scenario? - Correct answer-prescriptive
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
