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Questions and Answers
Which type of analysis focuses on understanding changes in data over a period of time?
Which type of analysis focuses on understanding changes in data over a period of time?
What is one of the primary functions of INE in relation to economic data?
What is one of the primary functions of INE in relation to economic data?
Which of the following is NOT a type of analysis mentioned in the content?
Which of the following is NOT a type of analysis mentioned in the content?
Which data source is indicated as offering interactive tools for data analysis?
Which data source is indicated as offering interactive tools for data analysis?
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What type of survey data does INE provide regarding the labor market?
What type of survey data does INE provide regarding the labor market?
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What should be done when data redundancies and inconsistencies begin to appear in a list?
What should be done when data redundancies and inconsistencies begin to appear in a list?
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Which of the following is NOT a function performed by a Database Management System (DBMS)?
Which of the following is NOT a function performed by a Database Management System (DBMS)?
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At which level of database design are the main entities and relationships defined in a technology-agnostic way?
At which level of database design are the main entities and relationships defined in a technology-agnostic way?
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What does the integrity function of a DBMS ensure?
What does the integrity function of a DBMS ensure?
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Which of the following tasks is involved in the manipulation aspect of a DBMS?
Which of the following tasks is involved in the manipulation aspect of a DBMS?
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What is the primary advantage of using indexing within a DBMS for performance optimization?
What is the primary advantage of using indexing within a DBMS for performance optimization?
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What characterizes the physical level of database design?
What characterizes the physical level of database design?
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Which of the following accurately describes the purpose of a primary key in a database?
Which of the following accurately describes the purpose of a primary key in a database?
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What is the significance of using foreign keys in relational databases?
What is the significance of using foreign keys in relational databases?
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Which data type would you choose to store a file that contains an image in a database?
Which data type would you choose to store a file that contains an image in a database?
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How does SQL facilitate data analysis for businesses?
How does SQL facilitate data analysis for businesses?
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When defining a DECIMAL data type as DECIMAL(5,2), what does each number represent?
When defining a DECIMAL data type as DECIMAL(5,2), what does each number represent?
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What type of SQL command would you use to remove a record from a database table?
What type of SQL command would you use to remove a record from a database table?
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Which SQL command structure correctly creates a new table with two columns: 'Name' and 'Age'?
Which SQL command structure correctly creates a new table with two columns: 'Name' and 'Age'?
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Which SQL data type would be most appropriate for storing a person's birthdate?
Which SQL data type would be most appropriate for storing a person's birthdate?
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What role does SQL play in the field of healthcare?
What role does SQL play in the field of healthcare?
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What is the purpose of using a subquery in the context of retrieving customer names?
What is the purpose of using a subquery in the context of retrieving customer names?
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Which of the following accurately describes a correlated subquery?
Which of the following accurately describes a correlated subquery?
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What is a key limitation of using Excel as a flat-file database?
What is a key limitation of using Excel as a flat-file database?
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In which situation would using Excel's Data Model be most beneficial?
In which situation would using Excel's Data Model be most beneficial?
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How does the use of a subquery in the SELECT statement enhance its functionality?
How does the use of a subquery in the SELECT statement enhance its functionality?
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What happens when a subquery in a WHERE clause compares a column to an aggregate value?
What happens when a subquery in a WHERE clause compares a column to an aggregate value?
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Which SQL statement will result in retrieving information about cars rented by customers who rented more than once?
Which SQL statement will result in retrieving information about cars rented by customers who rented more than once?
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What key advantage does Excel have as a tool for managing small datasets?
What key advantage does Excel have as a tool for managing small datasets?
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What SQL function would effectively retrieve the total amount spent by each customer?
What SQL function would effectively retrieve the total amount spent by each customer?
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Study Notes
Big Data
- Data is essential for decision-making in all areas of business
- Global data volume in 2025 is estimated at 175 zettabytes (ZB) (1 ZB = 1 billion gigabytes)
- Daily Internet user data generation is around 2,500,000 GB
- 90% of data was generated in the last two years.
Five Vs of Big Data
- Velocity: batch, near real-time, real-time, streams
- Variety: structured, unstructured, semi-structured
- Volume: terabytes, records, transactions, tables, files
- Veracity: trustworthiness, authenticity, origin, reputation, accountability
- Value: statistical, events, correlations, hypothetical
Data Sources
- Social media platforms like Facebook, Twitter, and Instagram
- Internet of Things (IoT) devices
- Sensors generating data
- 80% of global data is unstructured (text, images, video).
Data Storage
- Less than 20% of global data is stored in relational databases.
- Big Data Architectures are used to store, process and analyse large volumes of data.
- Cloud storage and NoSQL databases are used.
- Different technologies are needed to manage large volumes.
Data Analysis Types
- Descriptive analysis: summarizing and describing a dataset (e.g., unemployment by age in Spain)
- Trend analysis: how data changes over time
- Comparative analysis: comparing data between groups or variables (e.g., comparing unemployment rates in different regions of Spain)
Economic and Financial Data Sources
- INE (Spanish National Statistics Institute): provides data on economic, demographic and social aspects
- Ministry of Economy, Trade and Enterprise: provides data on financial data and statistics such as macroeconomic data, public finances, labor market information
- Other sources include data from a variety of sources such as Madrid Stock market, European statistics office, World bank and the International Monetary Fund
Introduction to Databases
- Databases are used to manage, store, and retrieve information efficiently in the digital world
- Different ways to store and manage information existed before databases (e.g., paper, magnetic tapes, books)
- These methods lacked the ability to handle large volumes of data efficiently in a secure manner
- Database management systems (DBMS) provide an interface between users and data and enable efficient data management
- Database management systems provide tools for data creation, management, manipulation and retrieval
SQL and Its Importance
- SQL (Structured Query Language): essential for managing and manipulating relational databases, used in most relational DBMS
- It supports tasks like creating, reading, updating, and deleting data.
- Useful for Data Analysis(extracting meaningful insights) and to handle large data volumes
- Widely used in real-world applications such as finance, business intelligence, healthcare, and e-commerce.
Main Data Types in SQL
- A table's columns have different data types.
- Common data types include: INT, FLOAT, DOUBLE, DECIMAL, VARCHAR, CHAR, TEXT, DATE, TIME, DATETIME, TIMESTAMP, and BLOB.
SQL Queries
- Creating tables, selecting records, inserting records, updating records, and deleting records are some of the SQL tasks
- Joins are essential to combine data from multiple tables on related columns.
- Subqueries are used in SQL to perform complex queries with queries nested inside another query.
- Operators are used to perform arithmetic calculations, comparisons and logical evaluations.
Using Microsoft Excel as a Database
- Excel can be used as a flat-file database, especially for storing and managing small datasets. It can be useful for smaller applications and quick analysis
- Excel lacks some functions of a full database system (e.g. integrity constraints and scalability)
- Excel's data model supports relationships between tables.
- Limitation of Excel as relational database: not robust and does not enforce referential integrity
NoSQL Databases
- NoSQL databases are used for non-tabular data, unlike relational database.
- They are highly scalable and versatile, used for Big Data and real-time analysis.
- Document stores store data as documents (e.g., JSON).
- Graph databases model data as nodes and connections.
- Key-value stores store data by key and value pairs.
Power BI as a Database Tool
- Power BI can connect to various data sources (SQL databases, Excel, etc.) and provide visualization.
- It is suitable for data exploration, analysis, and business intelligence, but does not store data centrally.
- It allows users to generate reports, dashboards, and analyses, but unlike full database systems, it does not store data permanently.
Relational Databases
- Tables are organized in rows and columns and connected using relationships (keys).
- Relationships exist to link tables for complex queries and data integrity.
- Normalization is essential for efficient database design and reduces redundancy.
- Relational databases are structured and efficient for handling data with strong relationships.
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Description
Explore the fundamentals of Big Data, including its importance in decision-making and the staggering statistics surrounding global data generation. This quiz covers the Five Vs of Big Data, common data sources, and storage solutions used in the industry today.