DATA ANALYTICS COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS VERIFIED
SOLUTIONS
Question:
Identify Questions.
Answer:
determine the answer or insight you're looking for, make a hypothesis, identify a target value.
Question:
Master the Data.
Answer:
understand the available data, extract, transform, load the data
Question:
Prepare a Model.
Answer:
identify a model or approach, perform the analysis
Question:
Address Results.
Answer:
compare the results with your hypothesis, refine your model
Question:
Communicate the Results.
Answer:
, draw a conclusion, gain understanding, summarize the results in plain language, use appropriate
visualizations
Question:
Track Outcomes.
Answer:
evaluate results, gather feedback, adjust as needed
Question:
Financial Statement Analysis.
Answer:
Investors, analysts, shareholders, partners, and managers identify trends, patterns, or relationships
between numbers reported on the financial statements.
Question:
Financial Statement Analysis (examples).
Answer:
What is the average selling price of an iPhone? Is the company able to service its debt? How has
working capital changed over the past three years?
Question:
Budget and Controlling.
Answer:
Managers evaluate performance and operations to determine whether to increase sales or cut costs
and evaluate whether their decisions have the expected impact on financial performance.
Question:
Budget and Controlling (examples).
SOLUTIONS
Question:
Identify Questions.
Answer:
determine the answer or insight you're looking for, make a hypothesis, identify a target value.
Question:
Master the Data.
Answer:
understand the available data, extract, transform, load the data
Question:
Prepare a Model.
Answer:
identify a model or approach, perform the analysis
Question:
Address Results.
Answer:
compare the results with your hypothesis, refine your model
Question:
Communicate the Results.
Answer:
, draw a conclusion, gain understanding, summarize the results in plain language, use appropriate
visualizations
Question:
Track Outcomes.
Answer:
evaluate results, gather feedback, adjust as needed
Question:
Financial Statement Analysis.
Answer:
Investors, analysts, shareholders, partners, and managers identify trends, patterns, or relationships
between numbers reported on the financial statements.
Question:
Financial Statement Analysis (examples).
Answer:
What is the average selling price of an iPhone? Is the company able to service its debt? How has
working capital changed over the past three years?
Question:
Budget and Controlling.
Answer:
Managers evaluate performance and operations to determine whether to increase sales or cut costs
and evaluate whether their decisions have the expected impact on financial performance.
Question:
Budget and Controlling (examples).
