Advanced Analytics with R and Tableau: Data-Driven Decision Making
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Questions and Answers

What is the primary focus of data analytics?

  • Utilizing analytical equations
  • Representing the physics of the problem
  • Generating process flow diagrams
  • Exploring correlation between inputs and outputs using statistical approaches (correct)
  • Which characteristic best describes an analytical model?

  • Closed form solution models
  • Qualitative nature and based on assumptions
  • Primarily computational and represents the system using mathematical equations (correct)
  • Focused on generating process flow diagrams
  • What is the main purpose of an analytical model?

  • To perform data analytics
  • To predict or assess system performance (correct)
  • To generate assumptions
  • To focus on qualitative analysis
  • In what form are the solutions to analytical models expressed?

    <p>As mathematical analytic functions</p> Signup and view all the answers

    What distinguishes data analytics from analytical models?

    <p>Data analytics require vast amounts of data</p> Signup and view all the answers

    What types of models can represent different aspects of a system and its environment?

    <p>Analytical models that specify parametric relationships</p> Signup and view all the answers

    What tool allows users to create interactive data visualizations and reports?

    <p>Power BI Desktop</p> Signup and view all the answers

    Which cloud-based service helps users build visualizations and gain business insights from data?

    <p>Amazon QuickSight</p> Signup and view all the answers

    What is the main point made by the Director of planning and analysis in the text?

    <p>Companies can achieve a lot if they focus on specific goals.</p> Signup and view all the answers

    Which platform offers a flexible, scalable information infrastructure for sharing insights and making better business decisions?

    <p>SAP BusinessObjects Business Intelligence platform</p> Signup and view all the answers

    What does the Director suggest is not the best way to proceed?

    <p>Relying on intuition</p> Signup and view all the answers

    Where can users monitor key data, share dashboards, and reports?

    <p>Power BI web service</p> Signup and view all the answers

    What type of approach does the Director recommend for companies based on the text?

    <p>Focused actions</p> Signup and view all the answers

    Which tool allows users to visualize, analyze, and share actionable insights about data with anyone in their organization?

    <p>SAP BusinessObjects Business Intelligence platform</p> Signup and view all the answers

    What is the key takeaway from the Director's statement in the text regarding accomplishment?

    <p>Focusing on goals leads to accomplishment.</p> Signup and view all the answers

    Where can users view and interact with their data on any mobile device?

    <p>Power BI Mobile app</p> Signup and view all the answers

    Based on the text, what does the Director imply about companies that lack focus?

    <p>They are bound to fail.</p> Signup and view all the answers

    What does the text suggest is crucial for a company like the one mentioned to accomplish a lot?

    <p>Having a clear focus and concentration</p> Signup and view all the answers

    What is suggested by leading industry analysts in relation to outperforming competition?

    <p>Implementing a data warehouse</p> Signup and view all the answers

    What is a key challenge faced when a data warehouse combines data from disparate sources?

    <p>Inconsistent data</p> Signup and view all the answers

    What can poor data quality lead to when it comes to decision making?

    <p>Faulty reporting</p> Signup and view all the answers

    Why is it important for business users to know what analysis will be performed when implementing Big Data & Analytics solutions?

    <p>To envision the reports accurately</p> Signup and view all the answers

    What is the ultimate goal of an end user utilizing a Big Data & Analytics solution?

    <p>To make the best decisions possible</p> Signup and view all the answers

    Why is it crucial for the data in a Big Data & Analytics solution to be 100 percent accurate?

    <p>To avoid ill-advised decisions</p> Signup and view all the answers

    What is a key tip for effective communication of analytics?

    <p>Including an agenda in the communication plan</p> Signup and view all the answers

    How can one cater to audience diversity in understanding analytics?

    <p>Presenting the information differently to different people</p> Signup and view all the answers

    Why is it important to use examples that everyone can relate to in analytics communication?

    <p>To simplify complex concepts and make them more understandable</p> Signup and view all the answers

    In what way can visual cues enhance the communication of analytics findings?

    <p>By using simple and clear tables, graphs, and charts</p> Signup and view all the answers

    What should be formalized to ensure a structured communication of analytics recommendations?

    <p>Formalizing recommendations, takeaways, and next steps</p> Signup and view all the answers

    Why is it beneficial to allow time for questions from stakeholders during analytics communication?

    <p>To obtain feedback and clarify any uncertainties</p> Signup and view all the answers

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