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Questions and Answers
What is the primary focus of business analytics?
What is the primary focus of business analytics?
- Creating marketing campaigns
- Managing human resources
- Analyzing data to gain insights and make informed business decisions (correct)
- Developing new products
What is one of the goals of using predictive analytics in business?
What is one of the goals of using predictive analytics in business?
- Anticipating future trends and customer behavior (correct)
- Creating real-time reports
- Implementing immediate changes
- Retroactively analyzing past performance
Which type of data is commonly used in business analytics?
Which type of data is commonly used in business analytics?
- Structured data from databases (correct)
- Unstructured data from social media
- Environmental data
- Biometric data
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Study Notes
Business Analytics
- The primary focus of business analytics is to drive business decision-making by extracting insights from data.
Predictive Analytics
- One of the goals of using predictive analytics in business is to forecast future events or behaviors, allowing organizations to make proactive decisions.
Data Types
- Structured data, which is highly organized and easily searchable, is commonly used in business analytics.
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