Business Analytics Quiz
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Questions and Answers

What is the primary focus of business intelligence?

  • Developing new insights based on data and statistical methods
  • Using analytical modeling and numerical analysis
  • Predicting and prescribing business performance
  • Measuring past performance and guiding business planning (correct)

    • What distinguishes business analytics from business intelligence?

  • Business analytics focuses on prediction and prescription, while business intelligence focuses on description (correct)
  • Business analytics uses analytical modeling, while business intelligence uses numerical analysis
  • Business analytics is fully automated, while business intelligence involves human decisions
  • Business analytics is based on past performance, while business intelligence is based on future planning

    • What is a key aspect of business analytics?

  • Iterative exploration of past business performance
  • Fact-based management to drive decision making (correct)
  • Online querying and reporting
  • Using a consistent set of metrics

    • How does business analytics differ from business intelligence in decision making?

    <p>Analytics may be used as input for human decisions or may drive fully automated decisions, while business intelligence involves human decisions</p> Signup and view all the answers

    What does business intelligence primarily involve?

    <p>Querying, reporting, online analysis</p> Signup and view all the answers

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