Analytics Quiz

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Which one of the following best describes analytics?

The systematic computational analysis of data or statistics (correct)

The discovery, interpretation, and communication of meaningful patterns in data

The simultaneous application of statistics, computer programming, and operations research to quantify performance

The application of data patterns toward effective decision-making

What is one of the areas within analytics?

Prescriptive analytics

Cognitive analytics

Descriptive analytics (correct)

Diagnostic analytics

What can organizations use analytics for?

Harness the most current methods in big data

Describe, predict, and improve business performance (correct)

Discover, interpret, and communicate meaningful patterns in data

Apply statistics, computer programming, and operations research to quantify performance

Which field can analytics be applied to?

All of the above Signup and view all the answers

What does analytics rely on?

Statistics, computer programming, and operations research Signup and view all the answers

Define analytics and explain its purpose.

Analytics is the systematic computational analysis of data or statistics. Its purpose is to discover, interpret, and communicate meaningful patterns in data, and to apply data patterns towards effective decision-making. Signup and view all the answers

What are the different areas within analytics?

The different areas within analytics include descriptive analytics, diagnostic analytics, predictive analytics, prescriptive analytics, and cognitive analytics. Signup and view all the answers

Which fields can analytics be applied to?

Analytics can be applied to a variety of fields such as marketing, management, finance, online systems, information security, and software services. Signup and view all the answers

What does analytics rely on?

Analytics relies on the simultaneous application of statistics, computer programming, and operations research to quantify performance. Signup and view all the answers