EBTM 350 BUSINESS ANALYTICS | VERIFIED STUDY
GUIDE
Visual Perspective of Business Analytics - Answers –
Descriptive analytics - Answers - the use of data to understand past and current
business performance and make informed decisions
Predictive analytics - Answers - predict the future by examining historical data, detecting
patterns or relationships in these data, and then extrapolating these relationships
forward in time.
Prescriptive analytics - Answers - identify the best alternatives to minimize or maximize
some objective
Data set - Answers - a collection of data
Database - Answers - a collection of related files containing records on people, places,
or things
Metric - Answers - a unit of measurement that provides a way to objectively quantify
performance
Measurement - Answers - the act of obtaining data associated with a metric
Measures - Answers - numerical values associated with a metric
Discrete Metric - Answers - one that is derived from counting something
Like:
Delivery is on time or not, order is complete or incomplete
Continuous Metrics - Answers - are based on a continuous scale of measurement.
GUIDE
Visual Perspective of Business Analytics - Answers –
Descriptive analytics - Answers - the use of data to understand past and current
business performance and make informed decisions
Predictive analytics - Answers - predict the future by examining historical data, detecting
patterns or relationships in these data, and then extrapolating these relationships
forward in time.
Prescriptive analytics - Answers - identify the best alternatives to minimize or maximize
some objective
Data set - Answers - a collection of data
Database - Answers - a collection of related files containing records on people, places,
or things
Metric - Answers - a unit of measurement that provides a way to objectively quantify
performance
Measurement - Answers - the act of obtaining data associated with a metric
Measures - Answers - numerical values associated with a metric
Discrete Metric - Answers - one that is derived from counting something
Like:
Delivery is on time or not, order is complete or incomplete
Continuous Metrics - Answers - are based on a continuous scale of measurement.
