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