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BANA Final Exam questions and answers rated

BANA 2 Final Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS What would be the coefficient of determination if the total sum of squares (SST) is 155 and the sum of squares due to error (SSE) is 54? - CORRECT ANSWER .65 Fitting a model too closely to sample data, resulting in a model that does not accurately reflect the population is termed as which of the following? - CORRECT ANSWER Overfitting Create a PivotTable in Excel to display the average number of Facebook Frien...

BANA 2 Final Exam UPDATED QUESTIONS AND CORRECT ANSWERS Data dashboards are a type of _________ analytics. - CORRECT ANSWER descriptive ______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another. - CORRECT ANSWER Predictive _______________ analytics use techniques that take input data and yield a best course of action. - CORRECT ANSWER Prescriptive

BANA 2 Final Exam UPDATED Study Guide ACTUAL QUESTIONS AND CORRECT ANSWERS In a nonlinear optimization problem - CORRECT ANSWER objective function or a constraint is nonlinear at least one term in the The reduced gradient is analogous to the ___________ for linear models - CORRECT ANSWER reduced cost The Lagrangian multiplier is the __________ for a constraint in a nonlinear problem - CORRECT ANSWER shadow price

This document provides a comprehensive and fully solved final exam for BANA (Business Analytics) covering Chapters 1, 2, and 3 of the 2025/2026 academic year. Topics include decision analysis, spreadsheet modeling, linear and integer optimization, regression analysis, utility theory, probability, simulation models, and Excel-based tools like Solver, VLOOKUP, and data dashboards. This is an ideal study guide for students preparing for cumulative analytics exams in business and data science progra...