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 (B)</p> Signup and view all the answers

What distinguishes data analytics from analytical models?

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

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

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

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

<p>Amazon QuickSight (A)</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. (A)</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 (D)</p> Signup and view all the answers

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

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

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

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

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

<p>Focused actions (B)</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 (A)</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. (A)</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 (B)</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. (B)</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 (A)</p> Signup and view all the answers

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

<p>Implementing a data warehouse (B)</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 (C)</p> Signup and view all the answers

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

<p>Faulty reporting (C)</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 (A)</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 (A)</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 (B)</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 (D)</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 (C)</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 (D)</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 (B)</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 (A)</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 (B)</p> Signup and view all the answers

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