MSIS 3223 Test 1 Questions with Verified
Correct Answers
Descriptive analytics helps detect hidden patterns in large quantities of data to group
data into sets to predict behavior.
False
A manager at Academy wishes to know the company's revenue and profit in its
previous quarter. Predictive analytics is what the manager should use for this task.
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs.
True
Analyzing the problem is the first phase in decision making.
False
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty.
True
The demand for professionals with analytics expertise has skyrocketed.
True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization.
True
Correct Answers
Descriptive analytics helps detect hidden patterns in large quantities of data to group
data into sets to predict behavior.
False
A manager at Academy wishes to know the company's revenue and profit in its
previous quarter. Predictive analytics is what the manager should use for this task.
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs.
True
Analyzing the problem is the first phase in decision making.
False
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty.
True
The demand for professionals with analytics expertise has skyrocketed.
True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization.
True
