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First Class Business Analytics Exam With Complete Solution () Descriptive Analytics - CORRECT ANSWER-the use of data to understand past and current business performance and make informed decisions Predictive Analytics - CORRECT ANSWER-predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time Prescriptive Analytics - CORRECT ANSWER-identify the best alternatives to minimize or maximize so...

Latest Solution For Business Analytics Exam Guide (2024) Data - CORRECT ANSWER-The facts and figures collected, analyzed, summarized for presentation and interpretation Variable - CORRECT ANSWER-A characteristic of quantity of interest that can take on different values Observation - CORRECT ANSWER-A set of values corresponding to a set of variables

Learning Business Analytics Exam Test 1 With Complete Solution (A+ Graded) graph for a quantitative variable - CORRECT ANSWER-histogram since there are no categories in a histogram, we usually slice up all of the possible values into_____ and then count the number of cases that fall in each of these - CORRECT ANSWER-bins like histograms, but they also give individual values - CORRECT ANSWER-stem-and leaf displays

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Test Bank for Business Analytics, 2nd edition James R. Evans

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