Western Governors University C207 OA Study Guide with detailed practice questions and answers for objective assessment preparation

WGU C207 OA Study Guide with detailed
questions and answers
Analytics - CORRECT ANSWERS-turning information into insight and developing conclusive fact-
based strategies to gain a competitive edge


Analytics ecompasses - CORRECT ANSWERS-- 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



Descriptive/ Diagnostic Analystics - CORRECT ANSWERS-encompasses the set of techniques that
describes what has happened in the past



Descriptive Analytics includes - CORRECT ANSWERS-graphical anaylsis, discovery of patterns



Graphical Analysis - CORRECT ANSWERS-histograms, run chart, scatter diagrams, pareto chart



Discovery of Patters - CORRECT ANSWERS-sums, averages, percentages



Predictive Analytics - CORRECT ANSWERS-techniques that use models constructed from past data to
predict the future or ascertain the impact of one variable oon another



Predictive Analytics tools - CORRECT ANSWERS-models or the use of simulation



Models - CORRECT ANSWERS-time analysis (trend), regressions, statistical quality control



Perspective Analytics - CORRECT ANSWERS-decision models that indicate the best course of action to
take