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02 Elms Review - Business Analytics

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Millania Thana
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20 views

02 Elms Review - Business Analytics

Uploaded by

Millania Thana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Question 1

 How does predictive modeling and analytics drive business decisions? 


Response:
Score: not graded yet

Question 2
 It focuses on past performance to determine the answer to the questions like why it is happening.
Response: Diagnostic analytics
Score: 1 out of 1 Yes

Question 3
 It is an analytics that uses past data to determine the impact of one variable on another.
Response: Predictive analytics
Score: 1 out of 1 Yes

Question 4
 It uses analytics tools that describe what happened in the past.
Response: Descriptive analytics
Score: 1 out of 1 Yes

Question 5
 An analytical model that shows the best decision among alternative solutions.
Response: Prescriptive analytics
Score: 1 out of 1 Yes

Question 6
 The 4 Vs of big data are:
Response: volume, variety, velocity, veracity
Score: 1 out of 1 Yes

Question 7
 It is a decision on how to run the day-to-day operation of the organization.
Response: Operational decision
Score: 1 out of 1 Yes

Question 8
 Which of these satisfies volume?
Response: A single clinic's file
Score: 0 out of 1 No

Question 9
 It is data-driven decision-making approach
Response: Business analytics
Score: 1 out of 1 Yes

Question 10
 What best sums up veracity?
Response: That information is reliable
Score: 0 out of 1 No

Question 11
 Briefly discuss ETL and the role of data marts in business.
Response:
Score: not graded yet

Question 12
 Any set of data that is too large or too complex to handle
Response: big data
Score: 1 out of 1 

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